Thursday, May 25, 2017

Li Shufu, the man who dared to buy Proton

Li Shufu
Chinese entrepreneur and founder of Geely Automobile, Li Shufu, is the man who dared to buy loss-making national car maker Proton.
After years of dwindling sales and financial losses, it is hoped that finally now, Shufu is the man who would work his 'magic' in reviving Proton as he did with prestigious Swedish auto maker Volvo.
Given his proven track record in turning round loss-making auto companies, the Malaysian government and Proton's parent company DRB-Hicom are confident he will herald a new era of growth for Proton.
Yesterday, DRB-Hicom signed an agreement with China-based Zhejiang Geely Holdings Group Ltd  for the Chinese car group to acquire 49.9 percent in the national car maker.
Under the deal, Proton would also dispose its entire stake in British sports car-maker Lotus for 100 million pounds (RM1=RM5.57), a move that will enable Proton to cut its losses.
As Geely's owner, Shufu owns 100 percent of Volvo, yet many might not be aware that the owner hails from China.
Shufu is rare among today's many Chinese entrepreneurs for taking on auto manufacturing as it is a sector dominated by state enterprises and multinationals.
He founded Geely in 1986 to build refrigerators and became an automaker in 1997 when he wanted to produce a cheap car for the masses.
Geely Group now has reached 1.3 million car sales in the financial year 2016.
And, Shufu is now reportedly worth a staggering US$7 billion.
As an entrepreneur-owner, his almost 50 per cent ownership is a major plus point which Proton would derive from the partnership.
This is because Geely is a "entrepreneur driven" auto company and one of the few left in the world as opposed to car firms owned by state enterprises and multinationals.
As an entrepreneur-owner, there would undoubtedly be a greater sense of personal commitment to ensure that Proton achieves success at the domestic, regional and possibly global levels.
No wonder he is sometimes referred to as the 'Henry Ford of China'.
Before he bought Volvo in 2010, the Swedish car maker owned by Ford then, was on the brink of extinction.
He also owns the iconic London taxi Company.
With Geely's expertise, one can expect new Proton models, transfer of technology, more jobs, auto engineers and bigger orders for parts vendors.
The partnership can also help ramp up production capacity of its under-utilised Tanjung Malim plant to its full annual capacity.
The Chinese firm's acquisition of Proton nicely fits into its plans to make its presence felt in South-East Asia for which it has been on the lookout for a manufacturing plant in the region.

Investor sentiment on Geely has been immensely favourable with its share price on the Hong Kong Stock Exchange having risen from HK$3.77 in 2014 to HK$11.50 as of May 22, 2017.
Only time will tell whether Proton would emerge as a formidable automative player again.
Nevertheless, with Shufu and Geely providing solid backing, our very own and much-loved Proton brand now has a real chance of making a comeback, and probably a huge comeback at that.
- Bernama

Wednesday, May 24, 2017

Zhejiang Geely Holding Group Co Ltd make a U-turn.

China's Geely buys 49.9 percent of Malaysian automaker Proton.

Read full report HERE

Thursday, April 27, 2017

Our superbug girl, Dr Lam Shu Jie ....



*Dr Lam Shu Jie (藍舒潔), 27, Chinese Malaysian* the superbug girl who did Australia proud.

She was one of the best student in SPM but failed to get our government JPA scholarship to continue her undergraduate degree in Australia. Moreover, with her excellent results from Melbourne University, she got the scholarship from Australia government to further her postgraduate master degree. In addition, with a sponsorship and funds for the research. Her excellent research dissertation was noted even during the first year of her PhD study. She carries the title *Dr. Lam* at the age of 27!

This Chinese Malaysian lass got her breakthrough in medical science at Melbourne University in _*super bug*_ research.

She got her scholarship from the Australian government but not her own country's government.

China has just awarded her the illustrious *Young Overseas Chinese Award* in Beijing.

China's Health Minister Gao Qiang personally handed the coveted award to her.

Currently, China, Australia & Singapore Government and Universities are fighting to recruit her at their research centre respectively. Many believe her quality research work will have massive global impact. She has the potential to win a Nobel Prize in future!

I wonder why Malaysia isn't doing anything to rope her back?


Wonder why BN Government set up Talent Corporation for?

Just wondering...

Wednesday, April 5, 2017

In Remembrance .....



TODAY, MARKS THE THIRD ANNIVERSARY OF THE PASSING OF A FRIEND AND FELLOW BLOGGER, BERNARD KHOO aka ZORRO UNMASKED, WHO HAS GONE TO A BETTER PLACE. 

REST IN PEACE, MY FRIEND, AS YOU LIE ASLEEP IN THE ARMS OF OUR LORD SOON TO BE AWAKEN TO A NEW ETERNAL LIFE.

Sunday, March 26, 2017

Aren't our mail safe anymore?

This is shocking. Two weeks ago, I sent a registered cover to my business associate using an envelope that was in pristine condition.

Upon receiving the cover, my business associate took photos of the envelope and sent them to me..

The condition of the envelope was appalling. Not only were the sides peppered with tears but it was ripped open. They even used a tape and crudely taped back the opening on one side. A large part of the envelope was still left open.

Fortunately there were no important documents involved. So even if they were lost, I still have copies with me.

Do I suspect that the authorities are now checking our mail? Looks like certain people are getting jumpy these days, and definitely, registered posts are no longer secured.




Wednesday, March 8, 2017

That moment has arrived ....

Two months ago, was the 20th anniversary when I first took the plunge to leave the security of the bank to venture into my own business that is related to the human development industry. I still could remember the Saturday before I left, my CEO had a long meeting with me, coaxing me to stay on. I told him I wish I could but I must make the necessary move as I have already arrived at the cross road of my life and if I didn't make a move then, I would never move at all.

Twenty years on, the painful decision that I dread most has finally arrived a month ago, i.e. whether to finally hang up my laser pointer for good as I felt I have done all I could partaking in the industry growth more so, seeing to the skill improvement of my charges.

During this time, I met many interesting people, from all walks of life and stations. But most of all, I enjoyed fully the many intellectual discourses that we had during and after each training session.  What is even amazing is that some of the participants who attended my sessions many years ago, are still in touch with me today via FaceBook and WhatsApp.

I wonder how many of you are now at that cross road of your life having to make that choice.

Friday, February 10, 2017

To donate or not to donate my blood ...

I may not have donated as many as 52 times as this guy but have been donating from time to time as and when the occasion calls for it. So would the GH or Red Cross staff be visiting our church any time sooner for their next blood donation call? Blood derived from the Catholic community is definitely non-halal? So how?