Brief: KTL Global Co Enters Into JV Agreement With In Nany Sing Charlie

KTL Global

29/11/2018 06:12

Nov 29 (Reuters) - KTL Global Ltd  KTLG.SI :
    * COMPANY ENTERED INTO A JOINT VENTURE AGREEMENT WITH IN
NANY SING
CHARLIE
    * JV CO, BLUEGAS PRIVATE LIMITED, WILL HAVE A TOTAL ISSUED
AND
PAID-UP SHARE CAPITAL OF S$50,000 DIVIDED INTO 500 SHARES
    * JVC TO ENGAGE IN TRADING OF NATURAL GAS-RELATED EQUIPMENT
AND
PRODUCTS, AND PROVISION OF OTHER RELATED PRODUCTS AND SERVICES
    * PURSUANT TO JVA, COMPANY WILL HOLD AN EQUITY INTEREST OF
80% AND
JV PARTNER WILL HOLD AN EQUITY INTEREST OF 20% RESPECTIVELY IN
JVC
    * ENTERING INTO JVA NOT EXPECTED TO HAVE MATERIAL IMPACT ON
CONSOLIDATED NET TANGIBLE ASSETS/SHARE, CONSOL EARNINGS/SHARE
FOR CURRENT FY

Source text for Eikon:  ID:nSNZ2pvRg7 
Further company coverage:  KTLG.SI 

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