-- Mencast (SGX:5NF) unit Mencast Offshore & Marine and Salt Investments (SGX:FQ7) subsidiary Prosper Excel Engineering agreed to deliver integrated oily-waste management services, according to a Tuesday filing with the Singapore Exchange.
Shares of Mencast were up nearly 1% in Wednesday trading.
The collaboration, initially focused on the Singapore maritime sector, will combine Salt's customer network and Mencast's advanced marine-waste treatment infrastructure to create a fully integrated value chain.
The tie-up will run for an initial period of two years, with an option to extend for another two, the filing said.