Chuan Holdings Limited (HK:1420) has released an update.
Chuan Holdings Limited has entered into a joint venture agreement with BuildStar to form a new company in Singapore, focusing on building construction projects including a major public project for SP PowerAssets. Each party will contribute S$5,000 in capital and S$1,000,000 in a shareholder’s loan to the venture, highlighting Chuan Holdings’ strategic expansion into the Singaporean construction market.
For further insights into HK:1420 stock, check out TipRanks’ Stock Analysis page.