SCOMI Group Bhd's wholly-owned unit Kota Minerals and Chemicals Sdn Bhd has signed an agreement with Siam Synergy Co Ltd to jointly invest in a company to provide drilling fluids, engineering services and supply chemicals in Thailand and the Malaysian-Thailand Joint Development Area.
Kota Minerals would hold a 49% stake in the joint-venture company, Siam-KMC Co Ltd, while Siam Synergy would own 51%, Scomi said in a statement.
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