Corporate digest
Add BT as a preferred sourceTiong 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).
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