The Aigo Entrepreneurs Alliance said on Monday that it will send a delegation of Chinese entrepreneurs to members of the Association of Southeast Asian Nations, or ASEAN, in July in an attempt at finding investment opportunities.

The 50-strong delegation plans to visit five ASEAN member countries, including Indonesia, Thailand and Malaysia.

Deng Dong, chairman of the Sichuan Qixiang Silk and a member of the Aigo Entrepreneurs Alliance, said he will probably establish production mills in Thailand and Malaysia because of the climates in such places, as well the demand for silk.