SG Dealbook: UMS invests in Malaysia's ASF; Ezra in JV with Japan's Chiyoda

SG Dealbook: UMS invests in Malaysia's ASF; Ezra in JV with Japan's Chiyoda

Singapore's Marina Bay district at night. Credit: Flickr/Marc Ben Fatma

UMS Holdings has established an MOU with Malaysian aerospace components manufacturer ASF and has subscribed for a 10 per cent equity interest in the latter. Meanwhile, Ezra Group’s shareholders have approved the formation of a 50:50 joint venture with the Japanese Chiyoda Corporation.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter