You are here

TT International in electronics joint venture with Standard Chartered Private Equity

Friday, October 17, 2014 - 08:00

TT International on Friday said its wholly-owned subsidiary, Omni Capital, has entered into a share subscription agreement to form a joint venture (JV) company with Standard Chartered Private Equity (SCPE).

Under the agreement, SCPE will inject up to US$50 million in Omni Centre Pte Ltd (what the JV will be known as), which will be held by Omni Capital and SCPE together. This JV will engage in the consumer electronics business.

The completion of the deal is subject to the fulfilment of certain conditions, it added, without further elaboration.

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom