Brief: Hg Metal Manufacturing Says Unit Acquired Stake In First Fortune International Co
23/08/2018 02:02
Aug 23 (Reuters) - HG Metal Manufacturing Ltd HGMM.SI :
* UNIT ACQUIRED 51.04% OF FIRST FORTUNE INTERNATIONAL CO.,
LTD.
* UNIT ENTERS JOINT VENTURE WITH FORTUNE PEAK INVESTMENTS
PTE &
YNJ ENGINEERING CO
* JOINT VENTURE IS EXPECTED TO HAVE A TOTAL INVESTMENT OF
ABOUT
US$11.5M AND HG METAL WILL HAVE A 51.04% STAKE IN JV
* JOINT VENTURE REGARDING ADVANCED STEEL REBAR CUT & BEND
AND
FABRICATION FACILITY
Source text for Eikon: ID:nSNZ8fRMRs
Further company coverage: HGMM.SI
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