KUALA LUMPUR: Sersol Bhd
's joint venture companies have entered into a memorandum of understanding with Chongqing Beidou Jiean Neo-Energy Technology Ltd to produce and distirbute electric scooters and related accessories and infrastrucure in Malaysia, Thailand and Indonesia.
In a filing with Bursa, the group said the joint venture companies of wholly owned subsdiary Sersol Energy Sdn Bhd, namely Sersol Takuni (M) Sdn Bhd, Sersol Takuni (Thailand) Co. Ltd and PT Sersol Takuni, entered into the agreement with China's Beidou, which specialises in providing total solutions for new energy technology.
"The companies will assist and facilitate Beidou in conducting and to accomplish all business activities in Malaysia, Thailand and Indonesia including but not limited to Show Rooms, Product On-Road Certification and essential stocks.
"Beidou will provide the products of Beidou, including technology transfer and patent licensing when Parties want to set up the manufacturing base in either Malaysia or Thailand," it said.
