Kim Heng's (SGX:5G2) wholly owned subsidiary, Adira Renewables, entered into a joint venture agreement with Soiltech Engineering and Moon International to set up a joint venture company in Korea, according to a Friday filing with the Singapore Exchange
Named Soiltech Adira Korea, the JV company will be involved in geotechnical & environmental engineering for transportation infrastructure and construction industry.
Kim Heng said the agreement will allow it to "further transition into the renewables business," the filing noted.
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