QUOTE
QUINTON Capital Sdn Bhd (QCSB), an investment arm of Quinton Group, formally signed an agreement with ECH World Wide Energy (M) Sdn Bhd on Feb 16 in which 55% of QCSB’s shares will be acquired for US$250mil (about RM1bil) over the next two years.
Subsequently, ECH will be the major shareholder of QCSB.
This joint venture was finally completed after months of discussion between the board of directors and shareholders of the two companies. With the latest joint venture, both companies are looking at a bright future filled with opportunities where the digital landscape development and ecosystem can be further enhanced.
Quinton Group, established in 2018, is an aggregator platform connecting consumers and collaboration partners to create a cohesive digital economy ecosystem.
Currently, Quinton Group’s core businesses consist of three popular ecommerce and consumer services in Malaysia – Quin Reward (e-voucher rewarding system), Quick Sent (food delivery service) and Quin Pavilion (e-marketplace platform).
Quinton Group also has ventures in advertising (UniAds), medical care (Comepulse), entertainment (Cineplus), hotel booking platform (StayWhere) and more.
Headquartered in Japan, ECH has over 10 years of international development experience in power generation, engineering and renewal energy. With a wide business scope covering 13 countries, ECH receives endorsements from a renowned Japanese bank headquartered in Tokyo.
This solid background and support confirmed that ECH has a cash deposit of up to US$900mil and the ability to invest in Quinton Group’s development.
I really hope Timothy Huang had lost a lot of money for using QuinReward (QuinPay rebranded).