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ASL Marine Holdings Ltd announces acquisition of joint venture company

Friday, 14 Mar 2014 05:36am EDT 

ASL Marine Holdings Ltd:Refers to the announcement made earlier, in relation to the acquisition of a joint venture company, PT Sindomas Precas, an Indonesian entity engaged in the business of concrete precast operations.Says it has on March 14 entered into a joint venture agreement with ASL Offshore & Marine Pte Ltd, PT Cemara Intan Shipyard, Koon Holdings Limited, Econ Precast Pte Ltd, Contech Precast Pte. Ltd, Bukit Intan Pte. Ltd, Sindo-Econ Pte Ltd and PT Sindomas, in relation to the Joint Venture.JVA is effective from Jan. 01 and sets out the arms length terms upon which the parties will establish and conduct the Joint Venture. 

Company Quote

0.015 +3.41%
19 Dec 2014