Corporate digest

Tiong Seng Holdings

MAINBOARD-listed Tiong Seng Holdings will acquire the remaining 56 per cent interest in a joint venture (JV) company, Geostr-RV, for S$1, making the JV a wholly owned subsidiary of the construction, civil engineering and property development group.

Tiong Seng's wholly owned subsidiary, Robin Village International, had entered into a restructuring agreement with Geostr Corporation for the acquisition. The JV, incorporated in Singapore, has a wholly owned subsidiary incorporated in Malaysia called Geostr-RV (M).