TA Corp enters into JV with Synergy Resources to distribute Suzuki automobiles in Myanmar

SINGAPORE (Sept 8): TA Corporation announced that its wholly-owned subsidiary, Sino Holdings, has entered into a joint venture (JV) with Synergy Resources Group to distribute Suzuki automobiles and spare parts in Myanmar.

Northwood Investments, a previously dormant and wholly-owned subsidiary of Sino Holdings, is used as the JV company. It has increased its share capital to $1,000 from $1.

The group’s equity interest in Northwood is 50%, while Synergy Resources holds the other 50%.

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