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MISC sets up JV agent in India |
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Written by The Edge Financial Daily
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Friday, 12 March 2010 00:08 |
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KUALA LUMPUR: MISC Bhd has entered into a joint-venture (JV) agreement with India-based Crescent Shipping Agency (India) and Sivaswamy Holdings Pvt Ltd, to form a JV entity that will be designated as the sole and exclusive shipping agent for MISC in India.
In a statement on Thursday, March 11, MISC said it would hold a 60% stake in MISC Agencies India Pvt Ltd while Crescent Shipping and Sivaswamy would hold 15% and 25%, respectively.
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Last Updated on Friday, 12 March 2010 00:09