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BRIEF-TA Corporation signs memorandum of understanding to set up JV
June 2, 2017 / 9:46 AM / 2 months ago

BRIEF-TA Corporation signs memorandum of understanding to set up JV

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June 2 (Reuters) - TA Corporation Ltd:

* Group has signed a memorandum of understanding with Kong Hwee Iron Works & Construction Pte Ltd to set up a joint venture company

* Shareholdings of group and Kong Hwee in proposed joint venture business are 80% and 20% respectively

* Under terms of MOU, proposed joint venture business will manufacture PPVC modules in Johor, Malaysia

* MOU to set up JV company in design, development, manufacturing and distribution of prefabricated prefinished volumetric construction modules

* Transaction to not have material impact on earnings per share of TA Corporation for financial year ending 31 december 2017 Source text for Eikon: Further company coverage:

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