ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronEye IconIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintSite TitleTitle ChevronIcon Twitter
Nikkei Markets

Singapore's United Global Signs Initial Pact To Form JV With Japan's M-TechX

By Singapore Newsroom
Nikkei Markets
SINGAPORE (Jul 11) -- Singapore's United Global, a lubricant manufacturer, said Tuesday it has entered into a non-binding memorandum of understanding with Japan-based M-TechX Incorporated to explore the possibility of setting up a joint venture business.

The companies plan to undertake mass production and commercialization of nano-fibres in oil absorbents through their joint venture, United Global said in an exchange filing. The joint venture will also undertake further research and development of the M-TechX' proprietary technology for commercialization in the filter and ballast water sectors.

"The board believes that this potential joint venture, if entered into, would be beneficial to the group as it allows the group to gain access to the technology, offer new business opportunities, enable the group to widen its revenue source and potentially improve its prospects and enhance shareholders' value," it added.
- By Singapore Newsroom; sgeditorial@nikkeinewsrise.com; +65 6331 6250
- Edited by Lopamudra Bhattacharya
- Send Feedback to feedback@nikkeinewsrise.com
- Copyright (c) 2017 Nikkei NewsRise Asia Pte Ltd.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this monthThis is your last free article this month

Stay ahead with our exclusives on Asia;
the most dynamic market in the world.

Stay ahead with our exclusives on Asia

Get trusted insights from experts within Asia itself.

Get trusted insights from experts
within Asia itself.

Get Unlimited access

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this month

This is your last free article this month

Stay ahead with our exclusives on Asia; the most
dynamic market in the world
.

Get trusted insights from experts
within Asia itself.

Try 3 months for $9

Offer ends April 30th

Your trial period has expired

You need a subscription to...

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers and subscribe

Your full access to the Nikkei Asian Review has expired

You need a subscription to:

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers
NAR on print phone, device, and tablet media