Cosco Capital, Inc. has signed a joint venture agreement with Siam Global House Public Co. Ltd. to operate a one-stop home improvement warehouse. READ:
“The consideration or contribution of Cosco Capital in the joint venture agreement is less than 10% of the company’s total book value,” the listed retail holding firm said in a disclosure on Monday.
For its initial capital, the joint venture will have P500 million — 55% for Siam Global and 45% for Cosco Capital. The agreement was forged on June 17 at the foreign company’s head office in Roi Et, Thailand. Siam Global is a Thailand-based firm with 76 stores selling building materials and home decorative products.
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