Brief: Yongnam Announces JV Deal Between Yongnam Engineering & Construction And Turbo Vision
06/07/2023 11:29
July 6 (Reuters) - Yongnam Holdings Ltd YNAM.SI :
* ENTRY INTO JOINT VENTURE AGREEMENT BETWEEN YONGNAM
ENGINEERING &
CONSTRUCTION (PRIVATE) LIMITED AND TURBO VISION PTE. LTD
* UNDER JVA, PARTIES INTEND TO ESTABLISH JOINT VENTURE
ENTITY TO
BE INCORPORATED IN SINGAPORE TO CARRY OUT BUSINESS
* INITIAL PAID-UP CAPITAL OF JV ENTITY WILL BE S$10 MILLION
* TURBO VISION PTE. TO HAVE 70% STAKE IN JV
Source text for Eikon: ID:nSN1ghKJl
Further company coverage: YNAM.SI
((Reuters.Briefs@thomsonreuters.com;))
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