SPH Sets Up Exhibitions Associate Firm (BT)
SINGAPORE Press Holdings (SPH) yesterday announced the incorporation of an associate company in China.
Sphere Exhibits (Beijing) Co Ltd, which organises exhibitions in China, has an initial registered capital of 10 million yuan (S$1.9 million) and is a three-way joint venture.
Exhibits Inc Pte Ltd, an indirect wholly-owned subsidiary of SPH, invested 4 million yuan in cash for a 40 per cent stake in Sphere Beijing. The remaining stakes are owned equally by AsiaPac Distribution Pte Ltd and Beijing Yakun Supply Chain Management Co Ltd.