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XMH Holdings in JV to break into Myanmar market

PC Lee Published on Tue, Feb 07, 2017 / 8:22 AM GMT+8

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SINGAPORE (Feb 7): XMH Holdings, the diesel engine, propulsion and power generating solutions provider, is seeking to expand its footprint into Myanmar.

On Monday, wholly-owned subsidiary XMH Engineering entered into an MOU with Myanmar MarcoPolo Co. (MMP) to incorporate the JV company.

XMH Engineering and MMP will hold 70% and 30% of the equity interest in the JV respectively.

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