News: ARB, China Unicom Operation in partnership for smart building projects

Nov 25, 2020

ARB Bhd’s fully-owned subsidiary Arbiot Sdn Bhd (ASB) has signed a partnership agreement with China Unicom Operation (Malaysia) Sdn Bhd (CUO) to undertake smart building projects as well as other ancillary businesses in Malaysia. 

CUO is a fully-owned unit of Chinese state-owned telecommunications operator China United Network Communications Group Co Ltd (CUNC), reported The New Straits Times (NST).

Listed on the stock exchanges in Hong Kong, Shanghai and New York, CUO is the fourth biggest mobile service provider in the world by subscriber base.

Read our latest asking price performance report across 4 key markets today! 

In FY2019, CUO posted a profit after tax and minority interests of 11.3 billion yuan (RM7.1 billion) and revenue of 264.4 billion yuan (RM164.9 billion).

Thrilled with the collaboration, ARB Executive Director Dato Sri’ Larry Liew Kok Leong is confident that the knowledge-transfer from CUO will enhance ARB’s IT offering solutions and services to its clients.

“Intelligence-driven or smart buildings are designed, constructed, operated and maintained to include both new technology and future iterations,” he said as quoted by NST.

Smart buildings have the capability to share performance data between networked devices, empowering facility managers to continually optimise the building, predictively solve issues as well as use and refine networked systems to achieve a more energy-efficient facilities.

“We understand that CUO is going big in the area of 5G, with the construction of telecommunication towers and buildings. Our collaboration is timely as ASB will contribute via its information technology (IT) offering solutions to the projects,” said Larry.

“We have strong confidence that this augurs well for the prospects of the group.”

He added that the partnership strategically aligns the two companies for the long term “by combining the strength of both entities with dedicated focus and expertise as a leading smart IoT player globally”.

 

Read our helpful Guides to learn all about the various property buying, selling and renting tips!

spacer
agent image
agency logo
Ahmad Fikri Amer Hamzah
Team Manager
REN: 19341
HUNT PROPERTIES SDN. BHD.
gedzimos@gmail.com
(+60) 12-5787390