Huationg Holdings strikes partnership with Mitsui

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.