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In the afternoon of July 27, 2023, Shandong Heavy Industry Group and Indonesia MNC Group signed a strategic cooperation framework agreement in Singapore. Tan Xuguang, chairman of Shandong Heavy Industry Group, and Hary Tanoesoedibjo, executive chairman of Indonesia MNC Group, held talks and signed the agreement.

Hary Tanoesoedibjo said that we will give full play to MNC Group's resource advantages in Indonesia, fully provide Shandong Heavy Industry Group with financial leasing, brand publicity, marketing and other aspects of support, continue to expand new areas of cooperation, and promote Shandong Heavy Industry Group to expand its market leading position.

Tan Xuguang said that MNC Group is a leading enterprise in the fields of finance, media and energy in Indonesia, and Shandong Heavy Industry Group will join hands with MNC Group to promote products with finance, build competitive advantages of product, finance and brand integration, and promote the Group's full range of products to achieve a new round of development in the Indonesian market.