I'm not sure about but they have known each other for many years. He is resigning by April.

I think he started the business while he's the boss.

That's what I had in my mind. Scared of time wasted overseas then come back cannot find job. But I don't think the company will close down so soon.
It's not a mnc. Just a small company of <20 people.

Company is a vendor/supplier to a big electronic company. Company will have a joint-venture with another MNC company for project/business soon.

One of the reason, boss needed someone that he can trust to help him over there.

Thanks! I'm looking forward to discuss about my salary package in details with my boss. Somehow when we talked over the phone, he did mentioned RMB 5000 + allowances. Kinda low tho.
Yes, that's what I'm told. Competition is everywhere. Gotta hustle hard or else fall behind.
Whoa! That's approx. RM2,500. Luckily, a studio will be provided but i guess it will be very small. Maybe similar to HK one? 
I'm not sure how much the taxes (I assume it does) will be on the salaries for expats and allowances will be taxable.