KUALA LUMPUR, Oct 11 (Bernama) -- Ta Win Holdings Bhd are teaming up with China’s Full Dragon Electric (Guang Dong) Company Ltd and Hong-Kong’s Wing Ying Non-Ferrous Trading Ltd to jointly invest in, set up and operate a new copper rod manufacturing line in Malaysia.
The three companies have signed a Joint-Venture Agreement (JVA) and set up Ta Win Copper Sdn Bhd to run the business, Ta Win said in a filing with Bursa Malaysia today.
Ta Win Copper was incorporated on Sept 19 to be principally engaged in the manufacturing of copper rods.
On the companies shareholding structure, Full Dragon owns 10 per cent of the stake, Wing Ying (25 per cent) and Ta Win (65 per cent).
Full Dragon and Wing Ying are expected to contribute up to US$1 million for the working capital, while Ta Win will chip in US$1.86 million.....