Kuala Lumpur: The Sino Hua An Group announced its acquisition with the TouchPoint Group with intentions in expanding its business to new market sectors. The procession compromises of a 100% equity ownership of TouchPoint International and WaveTree PTL.
The advance aligns with Hua An’s vision in being a digital transformational enabler in Malaysia drawing in-line with the Forth Industrial Revolution (IR4.0) and provides new opportunities in compelling business regions namely: The F&B industry and digital solutions
“With the advancement in digital technology and the development of more sophisticated Artificial Intelligence (“AI”) that disrupt conventional businesses worldwide, this space is going to be one of the fastest growing industries. With this in mind, I am proud to announce that Hua An will now have a technology arm, and is ready to expand our business into a new growth area. Aside from being a potential profitable venture, this acquisition will bring a whole new set of expertise and knowledge that we are excited to expand into,” says Y.A.M. Tunku Naquiyuddin Ibni Tuanku Ja’afar, the Executive Chairman of Hua An.
Vince Ng, CEO of TouchPoint International will serve as the Head of the Technology division in developing innovative solutions to transform Malaysia into a digital enabler.
Further management assets include: Lee Yew Jin, Head of the F&B division and Datuk Jared Lim Chih Li, serving as the Executive Director.
Under the Hua An label, TP Group will continue to strive digital enabling platforms to drive smart city initiatives, but will forward its implementations in corresponding areas such as, security, hospitals and plantation – providing real-time digital solutions in utilizing Internet of things (IoT) based systems – which is currently deployed in durian estates and palm oil. Future establishments will include employing Artificial Intelligence (AI) for image recognition and yield optimization.
Further articles in celebrating the acquisition: