Keppel Corp forms joint venture with Woh Hup to supply prefab construction modules
KEPPEL Corporation is tying up with construction and civil engineering firm Woh Hup (Private) Limited to form a joint venture to supply prefabricated pre-finished volumetric construction modules.
In an exchange filing on Tuesday evening, Keppel said that the joint venture firm Mod Prefab Private Limited will be 61 per cent owned by the conglomerate, making it a subsidiary of Keppel, and 39 per cent owned by Woh Hup.
Mod Prefab's main business will be to pursue construction projects involving the supply of prefabricated pre-finished volumetric construction modules in Singapore.
The transaction will not have any material impact on the group's net tangible assets and earnings per share for the current financial year, said Keppel.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Asia: Markets mixed as global rally stalls, eyes on yen
Morgan Stanley Asia private equity unit to reorganise as CEO retires
Mercedes says it will continue to invest in China tie-ups
Xiaomi locks in over 75,000 orders for SU7 car, targets over 10,000 deliveries in June
Gold trades in tight range as market focuses on US economic data
TSMC says ‘A16’ chipmaking tech to arrive in 2026, setting up showdown with Intel