Singapore: ASL Marine Holdings’ wholly-owned subsidiary, Intan Overseas Investments Pte Ltd (IOIPL) has subscribed for 100,000 shares in the capital of a newly incorporated joint venture company Sindo-Econ for S$100,000, amounting to 50% interest in Sindo-Econ. The remaining 50% interest is held by Econ Precast, a wholly-owned subsidiary of Koon Holdings Limited.
IOIPL and Econ Precast will enter into a joint venture agreement in due course.
The principal activity of Sindo-Econ is the provision of business and management consultancy services. [14/05/13]
