PUTRAJAYA, 28 June 2012: Founder Group, one of China’s top three ICT companies alongside Huawei and Haier Group expressed keen interest to collaborate with Malaysian IP owners on possible commercialization through business joint venture and financing. Founder Group Vice president and CEO of its Commodities Division, Mr. Lu Yang said this when he met with Minister of Science, Technology and Innovation, YB Datuk Panglima Dr Maximus Johnity Ongliki at his office in Putrajaya today.
During the one-hour courtesy call, YB Minister was briefed on the functions and activities of Founder Group. Founder Group was established in 1986 by Peking University, China. Founder Group, with support from Peking University, has created core technologies crucial for the development of China’s IT and healthcare and pharmaceutical industries. Its open and standardised capital platform has attracted international investment from companies such as Intel, Omron, Credit Suisse, and Bank of East Asia. As a market-oriented company that successfully integrates industrial, educational and research sectors, Founder Group recorded a turnover of US$8.2 billion and a pre-tax profit of US$400 million in 2010.
Also in attendance during the courtesy call were Prof. Dr. Halimaton Hamdan, Undersecretary of Nanotechnology Directorate, Dr. Amirudin Abdul Wahab, Undersecretary of ICT Policy Division, Datin Dr. Asiah Ahmad, Deputy Undersecretary of Biotechnology Division, Dr. Masuri Othman, Director of the Office of Commercialization, and Mr. Ho Koon Seng, Undersecretary of International Division.