Shanghai: Jiangsu Rainbow Heavy Industries (RHI) has announced that it has signed an agreement with Singapore-based engineering firm Ten-League International Holdings to establish a joint venture Ten-League Rainbow Heavy Industries.
RHI and Ten-League will each invest S$400,000 and S$600,000 to take a 40% and 60% equity share in the jv.
RHI said the set up of the jv will help the company expand in the Southeast Asia market and enhance technical support for the company’s overseas clients. [16/01/15]
