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VentureTECH signed a RM2 million investment agreement with TEVO Creations Sdn Bhd (TEVO Creations), a Malaysia-made protective coating manufacturer to assist the company’s global expansion plan and tap into the opportunities of both smart coatings and nano-coating global markets. The investment will enhance the company’s production facilities, R&D, laboratories and asset acquisitions. Through value creation initiatives, TEVO Creations will advance synergies with other Bumiputera investee companies for business development locally and abroad. TEVO Creations produces surface protection nano coatings in liquid form with properties that enable savings in energy and water consumption, making it more environmentally friendly as compared to other conventional coatings. Presently, TEVO Creations’ distribution channels consist of about 35 countries worldwide and about 80 percent of its products are exported to South-East Asia, the UAE, Russia, Poland and the United States.
The investment agreement was signed between VentureTECH’s Managing Director, Dr. Norida Abd Rahman and Mr. Kern Eng, Managing Director of TEVO Creations Sdn Bhd. Also present for the exchange of the Agreement was Mr. Ahmad Redzuan Sidek, Chief Investment Officer of VentureTECH, Mr. Nizam Mohd Reza, Head Value Creation of VentureTECH, Mr. Asrul Hadi Azizan, CFO of VentureTECH, and Mrs. Nadzatul Akmar Shahludin, Head of Portfolio Management VentureTECH and other Directors of TEVO Creations.
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