Ley Choon Unit to Establish Joint Venture Company in Australia
Ley Choon (SGX:Q0X) subsidiary, LCCE, signed a joint venture agreement with Australian specialist contractor, TTCA, to form a joint venture company named Ley Choon TTC (Aust) Tunnelling International in Singapore.The new venture will be involved in the business of pipe jacking in Singapore and beyond, according to an after-market filing with the Singapore Exchange on Tuesday.The company's subsidiary will have a 51% stake in the new venture, which will diversify the company's pipe-laying business.