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SHS in JV with Japanese to provide steel staircases in Singapore

Published Tue, Jul 25, 2017 · 09:50 PM

Singapore

ENGINEERING services provider SHS Holdings' wholly owned subsidiary Hetat Holdingsis entering into a three-party joint-venture (JV) with precision staircase manufacturer Yokomori Mfg and steel trader Marubeni-Itochu Steel Inc (MISI) to provide and sell steel staircases in Singapore.

The JV company, Yokomori Singapore, will have an initial share capital of S$3.7 million and will be managed by Yokomori. It aims to produce about 1,000 to 1,500 tonnes of staircases in the first few years.

Yokomori will hold a 60 per cent stake in the JV, while SHS and MISI will hold 30 per cent and 10 per cent respective…

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Companies & Markets

Companies & Markets

SHS in JV with Japanese to provide steel staircases in Singapore

Companies & Markets

UOB Kay Hian says ‘disadvantageous’ to reveal details of key management’s remuneration

Deutsche Bank has cut dozens in Asia private banking overhaul

Middle East violence heightens market fears of rate hikes, inflation

Tokyo's Nikkei drops more than 1,000 points, most in 3 years

Cordlife calls for trading halt after shares sink to all-time low, pending announcement

Gazelle Ventures makes cash offer for No Signboard shares at S$0.0021 apiece

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