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Huationg Holdings strikes partnership with Mitsui
Mitsui & Co and JA Mitsui Leasing to take 49% stake in heavy lifting and haulage player
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Mindy Tan
Published Thu, Jun 11, 2015 · 09:50 PM
Singapore
HUATIONG Holdings has entered into a strategic relationship with Mitsui & Co and JA Mitsui Leasing (JAML), which will see the latter two buy a 49 per cent stake in the privately-held firm for 3.5 billion yen (about S$38.2 million).
Mitsui and JAML will purchase 29 per cent and 20 per cent stakes respectively, in a deal with Huationg's founding family.
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