Hyundai Donates N35 million PPEs to Nigeria (Photos)

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Hyundai Motor Company has donated 27,000 personal Protection equipment (PPEs) worth N35 million to Nigeria to assist front-line medical workers and the public in the fight against the Coronavirus pandemic.

Nigeria is one of the 37 countries that will benefit from Hyundai’s assistance, which is part of the company’s pledge to donate medical equipment and personal protection items worth over USD $2.4 million to countries across the Middle East and Africa in an effort to help tackle the COVID-19 pandemic.

Hyundai Donates N35 million PPEs to Nigeria (Photos)
Special Adviser to the Governor, Office of Sustainable Development Goals and Investment, Mrs Solape Hammond receiving the Personal Protective Equipment (PPE) donated by Hyundai Motors at Lagos House, Alausa, Ikeja

The contribution towards Nigeria includes 25,000 face masks and 2,000 protective suits to help the country combat the COVID-19.

The donation was made to the Lagos State Government towards its COVID Relief programme at an event presided by the Head, Sustainable Development Goals (SDGs) and Investments, Ms Solape Hammound.

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Hyundai Donates N35 million PPEs to Nigeria (Photos)

Hyundai Donates N35 million PPEs to Nigeria (Photos)
Special Adviser to the Governor, Office of Sustainable Development Goals and Investment, Mrs Solape Hammond receiving the Personal Protective Equipment (PPE) donated by Hyundai Motors at Lagos House, Alausa, Ikeja

She said it was heartening to see positive stories of altruism by corporates and individuals reinstalling hope and the confidence that humanity shall overcome this situation and emerge stronger.

Present at the event, CEO Stallion Group, Mr. Anant Badjatya said the contribution was part of Hyundai’s commitment to supporting those in need in the region. All the protective gears will be distributed to the hospitals supporting COVID Care in Lagos. He added that the situation in Nigeria could have been very different if it was not handled with speed and in time by the governing authorities and sincerely thanked Governor Babajide Sanwo-Olu for his vision and the able team for efficiently handling the situation with aplomb.

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Hyundai Donates N35 million PPEs to Nigeria (Photos) Hyundai Donates N35 million PPEs to Nigeria (Photos)

Brand Manager Mr. Gaurav Vashisht added that in recent weeks, Hyundai has helped those in need around the world through donations and contributing medical equipment and personal protection items.

The Vice President, Head of Hyundai Motor Company Middle East & Africa HQs, Bang Sun Jeong said: “Caring for humanity has always been at the heart of Hyundai’s vision and has assisted those in need in countries around the world, we are proud to expand our support to countries across the Middle East and Africa region that have been hardest hit by the pandemic.

Hyundai Donates N35 million PPEs to Nigeria (Photos)

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Hyundai Donates N35 million PPEs to Nigeria (Photos)
Special Adviser to the Governor, Office of Sustainable Development Goals and Investment, Mrs Solape Hammond receiving the Personal Protective Equipment (PPE) donated by Hyundai Motors at Lagos House, Alausa, Ikeja

“The contributions of personal protection items are another step forward of making a positive difference and we believe if we work together, we can overcome anything.

“We sincerely hope our efforts contribute towards making a difference in this fight. We are committed to supporting the communities in the region, and we hope this helps in ensuring the safety and wellbeing of people.

Hyundai Donates N35 million PPEs to Nigeria (Photos)

“We believe if we stay together, we can overcome anything. We hope this pandemic can soon come to an end and we can help people get back to their daily lives.”

Among Hyundai’s initiatives to tackle COVID-19 globally include delivering emergency supplies to medical facilities in China, offering free transportation for the elderly and healthcare professionals in Brazil and providing a fleet of its vehicles to volunteers and self-isolating customers in the UK.

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Hyundai Donates N35 million PPEs to Nigeria (Photos) - Brand SpurHyundai Donates N35 million PPEs to Nigeria (Photos) - Brand Spur

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Hyundai Donates N35 million PPEs to Nigeria (Photos) - Brand SpurHyundai Donates N35 million PPEs to Nigeria (Photos) - Brand Spur

Latest News

Vivocom’s Group Game Changer – Multi-Billion Sand Project Secured

  • Initial contract worth RM3.79 billion for three years
  • Aspires to be a major industry player 'with exponential growth prospects'


KUALA LUMPUR, MALAYSIA - Media OutReach - 26 February 2021 - In a filing to Bursa Malaysia this evening, Vivocom Intl Holdings Berhad ('Vivocom') announced that V Development Group via one of its subsidiaries has secured a 'massive win' worth approximately USD934.7 million or the equivalent of RM3.79 billion.

Rain International Sdn Bhd ('Rain International') is a 97% owned subsidiary under the V Development Group which was recently merged into the Vivocom Group. The Company's proposed acquisition of V Development Group had been recently approved by the relevant authorities.

Rain International is principally involved in the mineral trading and exportation business, supplying sand to its client mainly in Hong Kong and China for reclamation and construction works. The Company had recently signed a contract for the supply of marine sand for a minimum period of three years.

The contract is for the supply of sand to Zhen Hua Engineering Company Ltd-China Communications Construction Company Ltd-CCCC Dredging (Group) Company Ltd. (ZHEC-CCCC-CDC), a Joint Venture contractor appointed to undertake the main reclamation works for the Hong Kong International Airport Three Runway System Project.

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Director Mr William Chan Ching-Kee said: "As the appointed agent for the ZHECC-CCCC-CDC Joint Venture, we are looking forward to the exportation of sand from Malaysia to our client in Hong Kong to commence without any further delay."

Dato Seri Chia is optimistic that the contract would be extended for another two to three years and could potentially generate revenue of up to RM6 billion.

"The sand business is a major boost because it gives us tremendous visibility. The potential revenue is huge, recurring and highly scalable," its jubilant CEO, Dato Seri Chia Kok Teong exclaimed.

"The potential for explosive growth in the sand business is real and tangible, and bodes well for the Group in the next few years."

"We are starting with 3 years but the contract can easily be increased to 5 years and beyond, with higher tonnage shipped every 6 months. The exportation of sand will increase sharply over time," he added.

Besides the reclamation works for the Hong Kong International Airport, the rapid pace of construction and reclamation works in China and Singapore also requires heavy demand for sand, which is a considerable boon to Malaysia.

"The market for sand export is extremely humongous and will fuel the Group's rapid growth for the next several years. The RM3.79 billion Win is the first of many more to come."

"I have in fact urged my team to secure up to RM10 billion worth of sand contracts by the end of 2021. This is part of our overall transformation strategy to become a multi billions conglomerate," declared Dato Seri Chia.

"It is our core strategy to strengthen and diversify the Group's revenues generation capabilities and capacities and not be too narrowly focussed."

"Presently, we are already in negotiations for another RM2 to RM3 billion sand contract. Once finalised, we will make the relevant announcement as per Bursa Malaysia's requirements," Dato Seri Chia elaborated.

The sand would be procured from an approved permit holder to export sand overseas, and sourced from concession areas in Sandakan and Sungai Beluran in Sabah and throughout Malaysia.

"Even with this massive sand contract already secured, we will not be complacent. I have earlier promised to transform Vivocom into a behemoth Conglomerate and I will work non-stop to deliver on the promise," Dato Seri assured.

Since Dato Seri Chia's entry into Vivocom in January 2020 when its price was at 15 cents, the share has climbed sharply and last closed at RM1.06 on Thursday, 25th February 2021.

"I am very optimistic that Vivocom shares will continue to grow strongly and be worth a lot more than presently over time. I'm proud to say that we are no longer a penny stock," he reflected.

"My team is totally committed to building Vivocom into a reputable and profitable public company, one with solid fundamentals, sustainable profits and healthy cashflows."

"As a priority, we will work towards getting the Group elevated to the Main Board of Bursa Malaysia and be a dividends-paying company soonest possible," quipped Dato Seri.

To show his commitment, Dato Seri Chia has undertaken a voluntary self--imposed moratorium (or SIM) in that he will not dispose his personal stakes in Vivocom for the next 3 years. This will ensure the company's long-term price stability and sustainability.

"We want a stable and strong share price so that the Company can use its shares with its high liquidity as a currency for M&A activities to fund and fast-track expansion and growth," he explained.

"A strong share with high liquidity is a most valuable and prized asset. We will use it to buy Companies with game-changing and disruptive strategies. To look for the Next Big Thing."

"The enormous followings in the Company are what is driving in tremendous liquidity and momentum giving our share price added impetus," Dato Seri proudly asserts.

"We aspire to emulate Berkshire Hathaway strategy started over 40 years ago by Mr Warren Buffet. Mr Masayoshi Son built SoftBank Group of Japan along the same philosophy and Alphabet in US adopted similar strategies."

"These three companies are presently amongst the most valuable and admired companies in the world. I have the same dream for Vivocom. I am determined to leave behind an enduring legacy for all our valued shareholders," concluded Dato Seri Chia.

Hyundai Donates N35 million PPEs to Nigeria (Photos) - Brand Spur
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