Aedge Group Enters Joint Venture to Form ASP E&C in Singapore

The latest announcement is out from Aedge Group Limited ( (SG:XVG) ).

Aedge Group Limited’s subsidiary Aedge Technologies Pte. Ltd. has entered into a joint venture with S&P Manpower Pte. Ltd. and BSC Projects Pte Ltd to form ASP E&C Pte. Ltd., a private limited company in Singapore. The new JV company, in which Aedge Technologies will hold a controlling 51% stake alongside S&P’s 44% and BSC’s 5%, will be initially capitalised at S$100 for incorporation purposes, with scope for further capital injections as new projects and business expansion arise, positioning Aedge to leverage partners’ manpower and engineering networks for future project opportunities.

The most recent analyst rating on (SG:XVG) stock is a Hold with a S$0.30 price target. To see the full list of analyst forecasts on Aedge Group Limited stock, see the SG:XVG Stock Forecast page.

More about Aedge Group Limited

Aedge Group Limited is a Singapore-incorporated company whose wholly owned subsidiary Aedge Technologies Pte. Ltd. operates in project-based industries, collaborating with partners that provide foreign workforce sourcing, management expertise, and engineering and construction-related capabilities.

Average Trading Volume: 31,626

Technical Sentiment Signal: Buy

Current Market Cap: S$34M

For detailed information about XVG stock, go to TipRanks’ Stock Analysis page.