Our Business_ Property Investment
Fiamma Holdings Berhad has entered into a joint venture agreement with Great Trillion Investment Limited, a subsidiary of China's Zhuhai Samyou Environmental Technology Co. Ltd, to establish VINO Air-Conditioning (M) Sdn Bhd to bring the "VINO" brand into the Malaysian market, Fiamma, a member of Chin Hin Group, will hold a 70% equity stake in VINO MY, with Great Trillion holding the remaining 30%.
Group Chief Executive Officer, Jimmy Tan said, "This joint venture will strengthen Fiamma's position for growth by expanding our product offerings, diversifying revenue streams, and enhancing our market presence—all critical elements for long-term success."He added, "With over four decades of experience in consumer electronics and a distribution network of more than 2,000 touchpoints, Fiamma brings valuable market insights and a strong local network to support the adoption of VINO's air conditioning solutions. Combined with Samyou's technical expertise in high-quality products, we aim to become one of the key players in Malaysia's HVAC market."
The group said the joint venture will focus on the distribution and promotion of a diverse range of solutions, including split-type air conditioners, cassette units, variable refrigerant flow systems, floorstanding units, and dehumidifiers. These products will serve the growing demand across residential, commercial, and industrial sectors for high-performance, energy-efficient solutions.
