Dah Chong Hong and UMW Malaysia build a lubricants joint venture into the construction phase of the project

Source: Business Network Posted by: Roadside Agency

January 5, 2010

In 2008, according to foreign media reports, DCH also announced that a wholly-owned subsidiary of Dah Chong Hong Automotive Service Center, with UMW Holdings Berhad's wholly-owned subsidiary of UMW Corporation Sdn Bhd ([UMW]) signed a letter of intent joint venture in China to produce High-precision lubricating oil.

Today (January 4, 2010) from the "Jiangmen Daily" informed that the joint venture oil project has entered construction phase, is expected to put into operation in September 2010.
The oil projects are located in Guangdong Xinhui, a total investment of 200 million Hong Kong dollars, the initial design capacity of 5,000 million liters, in order to meet the ever-increasing market demand, production capacity can be further raised to 100 million liters. The project is only DCH Group invested construction Jiangmen Dachang Sims Bonded Logistics Park, one of the processing of a project.

Jiangmen Dachang Sims Bonded Logistics Park processed a total invest 5.2 billion yuan, has completed the investment 4 billion yuan, according to Vice-Chairman Zhu Hanhui DCH Group, introduced the "building of the Dachang Sims Jiangmen bonded processing Logistics Park, a project, including the common type bonded warehouse, export supervision warehouse, domestic modern logistics warehouses, third-party logistics and other supporting projects. 2 project is proceeding as planned, with emphasis on cold chain, food processing, manufacturing, distribution, etc. aspects. 2 Upon completion, the integration with the Greater Pearl River Delta's economic development policies to achieve Guangdong, Hong Kong, Macao and distribution of complementary regional resources to further enhance the comprehensive competitiveness of the Pearl River Delta to speed up local economic development."

According to Zhu Hanhui told reporters that DCH Group will continue to increase investments in Jiangmen, including the automotive business, food business and modern logistics industry.

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Dah Chong Hong (Motor Leasing Services) Limited was established in 1992, now more than 1,000 vehicles available for rental vehicles for the Hong Kong market, the largest of the car rental service company.

Has a variety of European and Japanese high-quality private cars, utility vehicles, vans, and even tourist buses are readily available, coupled with perfect supporting services and flexible car rental portfolio, the main business are: long, short-term lease; limousine pick-up service ; passenger cargo traffic; the professional fleet management; Beijing Car Rental.

Dah Chong Hong (Motor Leasing Services) Limited Dah Chong Hong Holdings Limited (DCH Group) subsidiary organs of the Dah Chong Hong Group has diversified business development in China, Hong Kong and legal awareness, etc. are all developing rapidly, with multiple private cars and commercial vehicles and automotive brands distribution power of attorney. Dah Chong Hong Group in October 17, 2007 at the Hong Kong Stock Exchange.