Sitra Holdings, the producer of wood-based furniture, reported that its entirely possessed backups, E-Timberhub in Singapore and Abhi Manggala Sentosa in Indonesia have consolidated a joint wander (JV) organization, Abhi Manggala Sentosa in Singapore.
The JV will supply rural items fundamentally to the Indonesian market.
The JV has an underlying paid-up capital of $200, with E-Timberhub and Abhi Manggala Sentosa holding 24% and 76% stakes respectively.
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