Memorandum of Understanding between HostAStay Bhd and Actcelerate Asset Management Ltd
On 22nd March 2019, HostAStay CEO Jordan Oon signed a Memorandum of Understanding (MoU) with AAM Dato’ Cheong Chen Khan and Dato’ Sri Dr. Sherwin Chew to explore possible strategic partnerships for regional expansion. AAM take charge in exploring and identifying opportunities to set up bases at the Southeast Asian region, to select regional partners and promote the expansion of HostAStay. In addition, the collaboration is also open to diverse projects, particularly on Accelerator, Blockchain and Payment Gateway.
HostAStay Bhd is a short-stay management company in Malaysia established since 2017. The company offers a short stay system platform to aid property owners convert their vacant properties into income-generating assets, whilst providing top-tier homestay experience for guests. The user-friendly service platform includes a comprehensive short stay management services, such as consultancy, management, training, system platform and interior design and renovation.
Actcelerate Asset Management Ltd (AAM) is a private company established since 2017. The company is also the investment management company of Actcelerate International Group Ltd, a listed company on the National Stock Exchange Australia. AAM currently reviews potential investments, conducts acquisition and buyout opportunities in Malaysia, Southeast Asia and Australia, and undertakes due diligence in potential companies which may have met the abovementioned criteria and business sectors.