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Malaysia authorized Musk to hold all shares of its subsidiary in China
Release time:2023-11-07 Source: Qingqiao Number of views:

according toMalaysiaAccording to media reports, after considering national interests, the government has authorized Tesla to createbeginningRen Elong·Musk's Starlink Satellite Communication System and Electric Vehicle Company Tesla,Fully heldMalaysiaAll equity of subsidiaries.

July 14th,MalaysiaPrime Minister and Minister of FinanceAnhuaWith Elon·Musk held a video conference to discussTeslastayMalaysiaInvestment. After the Anhua meeting, it was announced that Musk agreed to establish a Tesla office in Saicheng and will also launch satellite internet services from Starchain to assistMalaysiaExpand internet coverage in the suburbs.

July 17th, MalaysiaThe Communications and Digital Department approves Star Chain to obtain licenses as a personal network facility provider and network service provider for a period of10 years.

MalaysiaIt's the first star chain to enter60 countriesThe star chain is composed ofSpaceX,NamelyElon·MuskAnother company launched a satellite internet program. The aim is to build a low orbit satellite network composed of thousands of satellites to cover internet access needs around the world. The Star Chain project adopts a layered network architecture.

Firstly, a group of satellites located in low Earth orbit form a constellation, consisting of approximatelyOrbiting the Earth at an altitude of 550 kilometers. A constellation grid is also formed between each constellation, thereby increasing the coverage of the entire star chain network.

Musk's Star Chain program requires the use of 10000 satellites to achieve global internet coverage. In order to achieve this massive goal,SpaceX has developed Starlink satellites, which weigh approximately 260 kilograms, are compact in size, and have a longer lifespan. They are equipped with high-performance optical communication equipment and solar panels to provide energy, and can achieve high-speed data transmission between the Earth and satellites.

according toMalaysiaAccording to the Communications and Multimedia Act of 1998, foreign investors holding licenses for personal network facility providers and network service providers can only have up toMalaysiaSubsidiaries49% equity.AnhuaexpressStar chain isMalaysiaThe alternative to satellite services is also applicable in the maritime and oil and gas fields, as the satellite chain has stable internet connectivity, allowing ships far from the coast to access high-quality internet connectivity.furthermoreStar Chain has also signedMalaysiaWe agree to comply with the relevant regulations and provide a digital guarantee letter,Considering that star chain entry can beMalaysiaThe direct and indirect benefits brought by this have led the government to decide to let Star Chain hold all equity in its subsidiary.   

In addition,TeslaalsoAlso allowed to holdMalaysiaAll equity of the subsidiary, explained by Anhua, is based on the governmentIn June 2003, foreign investors were allowed to hold all equity in expanding new businesses in the manufacturing industry.


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