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SIA Engineering divests 20% stake in Jamco joint venture for $4 mil

Michelle Zhu
Michelle Zhu • 1 min read
SIA Engineering divests 20% stake in Jamco joint venture for $4 mil
SINGAPORE (Jan 30): SIA Engineering Company (SIA EC) has sold its entire 20% stake in Jamco Singapore, to the latter’s majority owner Jamco Corporation for $3.97 million in cash, representing a 43% premium to net value.
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