IFS Capital has entered into a non-binding Memorandum of Understanding with Hong Kong-listed Tat Hong Equipment Service to provide leasing solutions with a focus on tower crane financing in China.
The joint venture will allow IFS Capital to establish a beachhead in China to offer its suite of financing solutions and participate in the growth of the economy, the company said in a statement.
Tat Hong is the first foreign-owned tower crane service provider in the PRC. Its services include consultancy, technical design, commissioning, construction and after-sale services to construction contractors in infrastructure, energy, commercial, and residential sectors.
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