(Above) A screengrab of the online MOU ceremony. Mr Pang Yee Ean, CEO of SJ Capital (third from left), signed MOU with Putuo District via video conference, with Singapore’s Minister of Finance, Mr. Lawrence Wong (far left), looking on.
The Surbana Jurong Group is poised to have a more competitive edge in winning projects in China due to an MOU signed recently.
The investment and asset management arm of the Surbana Jurong Group, SJ Capital, recently signed an MOU with Shanghai Putuo District Government, a key milestone in SJ Capital’s first co-investment development project in China, the “Jin Sha Island Science and Technology City”. The MOU paves the way for SJ to offer a wider range of services in China. This raises our competitive advantage in winning projects.
Because of international travel restrictions due to the pandemic, Mr. Pang Yee Ean, CEO of SJ Capital signed the MOU with Mr. Jiang Dong Dong, Secretary of the Putuo District Committee of the Communist Party of China via video conference. Both parties will cooperate strategically to boost the connectivity of capital markets by exploring the launch of green finance, digital financial products, and other initiatives.
The MOU is the result of an earlier collaboration with China Overseas Holdings Limited, the subsidiary of China State Construction Engineering Corporation on this project, with the support of the Putuo District Government. The three parties signed a preliminary cooperation agreement in April 2021.
SJ Capital, SJ City Global, SJ Energy and industrial, and the SJ North Asia teams will be involved collectively in the urban renewal, development, and construction of the “Jin Sha Island Science and Technology City.”
According to Lianhe Zaobao, a Chinese newspaper in Singapore, like the Regional Comprehensive Economic Partnership (RCEP), has entered into force in January 2022, there are more opportunities for Singapore and Shanghai, both of which are economic and trade hubs, to collaborate.
Carol Zhang | Director New Business & Special Projects
Surbana Jurong Group
T: +65 6248 1220
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