SIA Engineering (SGX:S59) along with its subsidiary, SIAEC Global, finalized the signed agreements with Arport AME, its shareholders, and IPORT to establish a maintenance, repair and overhaul (MRO) joint venture in China, according to a Tuesday filing with the Singapore Exchange.
This comes after the company won a bid to buy a 30% stake in Arport Aircraft Maintenance & Engineering (Fujian) for 129 million yuan.
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