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Signapore electronic distributor invests into durian business

Zoom in font  Zoom out font Published: 2017-08-23  Views: 31
Core Tip: Electronic components distributor Serial System is diversifying into the durian business.
Electronic components distributor Serial System is diversifying into the durian business.

In an announcement on Monday evening, the group said that a wholly owned subsidiary, Serial System International (SSIPL), and its CEO, Derek Goh, has entered into a joint venture agreement with an individual called Ting Ding Ing.

The newly incorporated JV company, Bast Investment, has agreed to subscribe for 10 shares in Musang Durian for USD $2,336,721.

Musang Durian is engaged in the business of manufacturing, processing, trading and exporting durian puree and durian-related products.

Serial System said its directors believe the proposed subscription will provide additional income streams for the group.
 
keywords: durian
 
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