Boldtek enters into joint venture with Neo Group to go into property business

Felicia Tan
Felicia Tan8/28/2020 05:05 PM GMT+08  • 2 min read
Boldtek enters into joint venture with Neo Group to go into property business
The JV Company, which will be set up following the JVA, will have an initial issued and paid-up share capital of $1 million divided into one million shares, of which Boldtek Holdings and Neo Group Limited will own 50% each.
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Boldtek Holdings and Neo Group Limited have entered into a joint venture agreement (JVA) on August 28, where the parties intend to establish a joint venture company (JV Company) to carry out the business of property development, property investment and property management.

The Catalist-listed Neo Group Limited is a leading catering group in Singapore with almost three decades of experience in the food & beverage (F&B) industry.

To enter into the JV, Neo Group will be seeking its shareholders’ approval for the diversification of the NGL Existing Business to include the activities of property development, property investment and property management.

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