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NewsTexchem to venture into seafood business in Myanmar
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Texchem to venture into seafood business in Myanmar
by Cals Sat 16 Aug 2014, 00:38
| Texchem to venture into seafood business in Myanmar |
| Business & Markets 2014 |
| Written by theedgemalaysia.com |
| Friday, 15 August 2014 22:45 KUALA LUMPUR (Aug 15)- Texchem Resources Bhd has entered into a joint venture agreement with Yangon-based Mascot Industries Co Ltd for a business to produce seafood value-added products and contract processing of seafood in Myanmar. Texchem will hold 90% equity in the joint venture while Mascot will have 10%. The initial paid up capital for the venture will be US$84,000. |
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