Denzai acquires majority stake in Huationg
Singapore
DENZAI Holdings on Tuesday completed the acquisition of a 71 per cent stake in Huationg Holdings, a local heavy lifting and specialised transportation provider firm, for an undisclosed sum.
Through its wholly-owned subsidiary Denzai Singapore Asia Pacific, the Japanese firm, which similarly provides heavy lifting cranes and special heavy transport vehicles equipment, purchased a 51 per cent stake in Huationg from its founder Lee Chin Tiong, as well as a 20 per cent stake from JA Mitsui Leasing Singapore.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Porsche posts Q1 profit drop on ramp-up costs
IBM plots US$730 million expansion of Canadian semiconductor site
Seatrium unit to fully redeem S$500 million worth of floating-rate bonds early
Yeo Guat Kwang, John Chen retiring from corporate boards
US: Wall St opens higher
Air China orders homegrown C919s in challenge to jet duopoly