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Transit-Mixed Concrete Ltd and Tbk have incorporated joint venture company in Indonesia

5:11am EDT

Transit-Mixed Concrete Ltd:Transit-Mixed Concrete Ltd and PT Ascet Indonusa Tbk have incorporated joint venture company in Indonesia named as PT ATMC Pump Services (JV Company).Says for purpose of carrying out the business of providing concrete pumping services in Indonesia.Percentage of total issued share capital of the JV Company will be held by the Company and PT Ascet in the proportions of 45 pct and 55 pct respectively.The Company’s investment in the JV Company will be financed through internal funds of the Company.

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