<article>TEHO International&#8217;s Cambodia unit has terminated its joint venture deal, while Ezion has formed a JV to support its business operations in China.</article>

TEHO International&#8217;s Cambodia unit has terminated its joint venture deal, while Ezion has formed a JV to support its business operations in China.
<h3>TEHO Cambodia terminates JV deal</h3>
<a style="color: #000080;" href="https://www.youtube.com/watch?v=1FjV2vNkpDA" target="_blank">TEHO International</a>, a conglomerate with business units engaged in property development, engineering services and water technology, has disposed that its overseas unit, TEHO Cambodia, has entered into a termination agreement with joint-venture (JV) partner Okhna Sok Bun.
Under this agreement, Bun has agreed to transfer 510 ordinary shares representing a 51 per cent stake in TEHO-SBG Development Co to Yim Chhay Line, who had replaced Bun as director for the Cambodian joint venture since August 2015.
Teho Development (Cambodia) owns the remaining 49 per cent in the JV. Yim is the daughter of Cambodia&#8217;s deputy prime minister, Yim Chhay Ly, and chairman of the Council for Agricultural and Rural Development.
<h3>Ezion forms JV to support wind farm ops</h3>
Ezion Holdings has entered into a joint venture (JV) with a Chinese state-owned enterprise. The JV will deploy service rigs to support the offshore wind farm market in China.
The enterprise is a large-scale corporation with global businesses in logistics, shipping and shipbuilding industry, operating under the direct administration of State-owned Assets Supervision and Administration Commission of the State Council.
According to a CleanTechnica <a style="color: #000080;" href="http://cleantechnica.com/2015/04/01/chinas-offshore-wind-growth-surges-487-9/" target="_blank">report</a>, the 2014 China Wind Power Installation Capacity Statistics by the Chinese Wind Energy Association <a style="color: #000080;" href="http://www.china-esi.com/Power/53178.html" target="_blank">indicates</a> that China added a total of 61 offshore wind power units with a total capacity of 229.3 MW, compared to the 39 MW of new offshore wind power capacity added in 2013. This represents an increase of 487.9 per cent in the 2013/2014 period
Moreover, as of the end of 2014, China’s offshore wind power&#8217;s total capacity stands at 657.9 MW, comprising just 0.58 per cent of the country’s combined wind power capacity and located within the <a style="color: #000080;" href="http://www.montereyinstitute.org/noaa/lesson10/l10la2.html" target="_blank">intertidal zone</a>, accounting for 434.5 MW of capacity and comprising roughly 66 per cent of wind farms.
Under the JV, the enterprise is responsible for the integration of domestic requirements for the operations of Chinese rigs in China, with Ezion overseeing technical, operational management and commercial aspects of the rigs.
The JV is unlikely to have any material impact on the group’s earnings for FY2016 ended December this year. However, it is likely to face some impact from the current wave of <a style="color: #000080;" href="http://www.ft.com/intl/cms/s/0/69253d76-633c-11e5-97e9-7f0bf5e7177b.html" target="_blank">state-owned firms being privatised</a>.
Also Read: 
<a style="color: #ff0000;" href="http://www.dealstreetasia.com/stories/singapore-sinotel-delists-sgx-gs-holdings-launches-new-unit-31674/">Singapore: Sinotel delists from SGX; GS Holdings launches new unit</a>
<a style="color: #ff0000;" href="http://www.dealstreetasia.com/stories/singapores-gic-to-invest-387m-in-indonesias-trans-retail-owned-by-ct-corp-31843/">Singapore’s GIC to invest $387m in Indonesia’s Trans Retail, owned by CT Corp</a>
<a style="color: #ff0000;" href="http://www.dealstreetasia.com/stories/singapores-temasek-says-to-issue-benchmark-euro-bonds-31734/">Singapore’s Temasek to issue benchmark euro bonds under $15b note plan</a>
<a style="color: #ff0000;" href="http://www.dealstreetasia.com/stories/sg-realty-dealbook-areit-ascendas-sutl-31620/">Singapore: SUTL-UEM Sunrise in marina JV; A-REIT closes $82m Sydney deal; APL adds US MD</a>

Singapore: TEHO Cambodia terminates JV; Ezion forms China JV

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief

Singapore: TEHO Cambodia terminates JV; Ezion forms China JV

Start your deal-making journey now!

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief