Malaysian logistics firm buys into Thai shipyard

 

Bangkok: Malaysia’s Freight Management Holdings is spending RM2.5m to take a 25% stake in Thailand’s YKP-FM Global Shipyard. The yard is being built in Kantang, Trang province and will focus on construction and repair of smaller vessels. 

"Our investment in YKP-FM represents a strategic move to further strengthen our logistics-related businesses. In particular, it is synergistic to our tug and barge operations under our 51%-owned unit TCH Marine Pte Ltd, which has existing business activities in Kantang," FMH group managing director Chew Chong Keat said.  [05/11/12]

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