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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.