The Business Times

Companies & Markets

The Business Times
Subscribe
Share on FacebookShare on TwitterView more
The Business Times
Create a free account with Business Times for seamless access across SPH Media products.
REGISTER
LOGIN

Companies & Markets

Delong obtains SGX approval for proposed steel project JV

Published Mon, Nov 27, 2017 · 01:41 PM
Share this article.

DELONG Holdings has obtained the Singapore Exchange's approval for a proposed joint venture (JV).

The proposed JV, first announced in June, is between the group's indirect wholly owned subsidiary Delong Steel Singapore Projects Pte Ltd, Shanghai Decent Investment (Group) Co Ltd and PT Indonesia Morowali Industrial Park. The JV company is to be set up in Indonesia to invest and construct a steel project at Tshingshan Park.

SGX's approval is subject to a few conditions, including the shareholders' approval for the proposed JV being obtained at the forthcoming extraordinary general meeting.

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Companies & Markets

newspaper iconPurchase this articleshopping cart icon

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here