The latest announcement is out from Heatec Jietong Holdings Ltd. ( (SG:5OR) ).
Heatec Jietong Holdings Ltd. announced that its subsidiary, Heatec Jietong Pte. Ltd., has entered into a joint venture agreement with TEMA India Private Limited to establish a new company in Singapore, named Tema Heatec Pte Ltd. The joint venture aims to leverage the expertise of both companies in the heat and mass heat transfer equipment industry, with TEMA India holding a 51% share and Heatec Jietong Pte. Ltd. holding 49%. This collaboration is expected to enhance the market positioning of both companies in the region and expand their operational capabilities.
More about Heatec Jietong Holdings Ltd.
Heatec Jietong Holdings Ltd. is a company incorporated in Singapore, operating in the industry of heat and mass heat transfer equipment. Its primary products and services include manufacturing, fabrication, selling, and designing of equipment such as heat exchangers, boilers, reactors, column pressure vessels, waste heat recovery systems, and solar power generation systems.
YTD Price Performance: 5.00%
Average Trading Volume: 108,316
Technical Sentiment Consensus Rating: Buy
Current Market Cap: S$4.3M
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