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Advanced Holdings enters into JVA with Agrimark and PT Borneo Pasifik Global for entry into proposed JV

Felicia Tan
Felicia Tan • 2 min read
Advanced Holdings enters into JVA with Agrimark and PT Borneo Pasifik Global for entry into proposed JV
The JV is said to enhance the long-term view of Advanced Holdings’ shareholders, says the company.
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Advanced Holdings, has, on May 21, entered into a joint venture agreement (JVA) with its joint venture partners, Agrimark and PT Borneo Pasifik Global in relation to Advanced Agri, its joint venture company (JVC).

The trio, on March 29, entered into a non-binding memorandum of understanding (MOU) where it would incorporate a JVC for the business of corn cultivation, corn accumulation and trading, and corn processing in Indonesia.

Agrimark is an exempt private company incorporated in Singapore. Its main business is in investments.

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