Masswork Co Ltd has signed a Memorandum of Understanding (MOU) with China’s Goldcard Smart Group Co Ltd (SHE:300349) to bring Goldcard’s smart utility products to Southeast Asia. The agreement, signed on March 10, 2025, marks a strategic move to enhance technological solutions for resource management in the region.
Goldcard Smart Group specializes in smart gas meters, smart water meters, and a range of renewable energy products. With a track record of improving efficiency and reducing resource wastage in China and other international markets, the company’s solutions align with government efforts to tackle utility losses and enhance sustainability.
Strengthening Market Presence
The partnership between Masswork and Goldcard Smart Group is expected to expand both companies’ market presence in Southeast Asia, leveraging their combined expertise in smart metering and resource management. Speaking at the signing ceremony, Dalton Wong, Executive Chairman of Masswork, expressed confidence in the collaboration.
“We are excited to partner with Goldcard Smart Group as we share a common vision. This partnership will allow us to combine our strengths and create new opportunities for growth,” he said.
Goldcard Smart Group’s Senior Vice President, He Guowen, described the agreement as a key milestone in the company’s regional expansion strategy.
“This collaboration represents a significant step in our journey into Southeast Asia. By working together, we can drive innovation and provide greater value to our customers and stakeholders in the region,” he stated.
Future Collaboration and Market Expansion
As part of the agreement, Masswork and Goldcard Smart Group will explore joint initiatives, resource sharing, and knowledge exchange to maximize their impact in the region. The partnership is expected to lay the foundation for future strategic projects, fostering a stronger business relationship between the two companies.
The collaboration underscores growing demand in Southeast Asia for advanced utility management solutions, as governments and businesses look for more efficient ways to manage energy and water consumption.
