Latest news with #LouisSuKhonFen

Daily Express

Malaysia-China Chamber of Commerce sets up co-op for members

Published on: Friday, July 18, 2025 Published on: Fri, Jul 18, 2025 Text Size: According to Su, the cooperative will be open for participation by MCCC Sabah members and is envisioned as a vital platform for driving economic collaboration, resource integration, and platform-based development. Kota Kinabalu: The Malaysia-China Chamber of Commerce (MCCC) Sabah announces the establishment of a cooperative - Koperasi Usahawan Utama Sabah Berhad. Vice President Louis Su Khon Fen was appointed interim chairman to oversee the cooperative's development and external coordination efforts. Advertisement According to Su, the cooperative will be open for participation by MCCC Sabah members and is envisioned as a vital platform for driving economic collaboration, resource integration, and platform-based development. It aims to create a dedicated space for collective entrepreneurship and cooperation, enabling members to share resources and create value together. 'The cooperative is founded on three core objectives - to serve as a platform for member collaboration and collective development; to act as a bridge linking government agencies with business resources; and promote sustainable and platform-driven business cooperation mechanisms.' He added that the cooperative will establish a clear policy and constitution, detailing its investment structure, operational system, and project participation mechanisms. These guidelines will be officially announced at a later stage to ensure all members can participate under a transparent and equitable framework. In addition, the cooperative's board of directors will be carefully selected from among MCCC Sabah's current leadership, the Women Entrepreneurs Committee, as well as both new and existing members - combining experience, diverse perspectives, and execution capabilities to drive effective governance. 'Our initial goal is to raise RM5 million to fund the cooperative's launch and operational development, including platform setup, seed capital for projects, and supporting infrastructure.' The cooperative will be operated with a clear strategic vision, robust systems, and steady resource integration, with the ultimate aim of delivering sustainable and stable economic growth returns for member businesses. 'While our priority is to serve members, we also welcome collaborations with government agencies, government-linked companies (GLCs), SMEs, and NGOs. We seek to jointly explore a new model of shared prosperity through co-building and co-benefiting partnerships.' At present, Koperasi Usahawan Utama Sabah Berhad is actively building its platform and operational framework. It welcomes collaboration with partners who have viable projects, human resources, services, or land assets - with the shared goal of creating a sustainable and mutually beneficial community economic ecosystem. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia