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Yeah, good news coming from Myanmar.
Sin Heng has woken up this morning and started jogging.
Others, Yoma, Tiong Woon, Interra Res, TT International too.
Keep running.
Hi,
Why all Myanmar related shares all heading down? Meaning sell on news?
Aung San Suu Kyi granted Myanmar passport
good entry point with potential to rise 10%......
INCORPORATION OF SUBSIDIARY AND ESTABLISHMENT OF JOINT VENTURE, SH EQUIPMENT
PTE. LTD.
The Board of Directors of Sin Heng Heavy Machinery Limited (the “Company”) wishes to announce that
the Company has today incorporated a new subsidiary, SH Equipment Pte. Ltd., in Singapore and the
Company and Starhigh Asia Pacific Pte. Ltd. have entered into a joint venture arrangement whereby
each has subscribed for 250,000 ordinary shares at S$1.00 each. The Company and Starhigh Asia
Pacific Pte. Ltd. each invested S$250,000 in the share subscription. Under the joint venture
arrangement, the Company and Starhigh Asia Pacific Pte. Ltd. each holds a 50% equity interest in SH
Equipment Pte. Ltd.
Under the terms of the joint venture arrangement, the Company and Starhigh Asia Pacific Pte. Ltd. have
agreed that SH Equipment Pte. Ltd. will incorporate a subsidiary in Myanmar for the purposes of
undertaking heavy equipment leasing, rental, distribution and sales and such other business as the
Company and Starhigh Asia Pacific Pte. Ltd. may decide. SH Equipment Pte. Ltd. will be principally
engaged in heavy equipment leasing, rental, distribution and sales directly in Myanmar and indirectly
through the Myanmar subsidiary. The Board concluded that the investment in SH Equipment Pte. Ltd.
and the terms of the joint venture arrangement are of commercial benefit to and in the commercial
interest of the Company.
The above investment will be funded through the Company’s internal cash resources and is not expected
to have any material impact on the earnings per share and the net tangible assets per share of the
Company for the current financial year ending 30 June 2012.
None of the Directors or substantial shareholder of the Company has any interest, direct or indirect, in
the above transaction.
By Order of the Board
Tan Cheng Soon Don
Managing Director
14 March 2012
INCORPORATION OF SUBSIDIARY AND ESTABLISHMENT OF JOINT VENTURE, SH EQUIPMENT PTE. LTD.
http://sinheng.listedcompany.com/news.html/id/293499
SIN HENG...the next MYMMMAR rush....
0.205/.21 breakout abv 20days moving average at 20cents