- PETALING JAYA: AYS Ventures Bhd has set up a jointventure company with Japanese firms Okaya & Co Ltd and Kondo Steel Corp from Japan to cash in on the 2020 Olympic Games in Tokyo, Japan.
- AYS Ventures and Kondo Steel will each have a 45% stake in the new company while Okaya & Co will hold a 6% stake and Okaya International (Malaysia) Sdn Bhd will hold the remaining 4%.
Oh said AYS Ventures is confident of further collaboration with the Japanese firms and is looking into potential collaboration in various value-added services.
- When the new regulation comes in 2018, we continue to support the industry, expand our business to this country.
- Okaya International (Malaysia) Sdn Bhd managing director Takaya Wada said the Olympic Games is a big project and Japanese construction firms that are preparing for the project will need technologies including Building Information Modeling (BIM) technology.
“Our function here is supporting Japanese construction.