CRRC UT Europe is a subsidiary of CRRC Urban Traffic Co Ltd, a member of the CRRC Group, the world
PETALING JAYA: Ireka Corp Bhd
has entered into a joint venture (JV) and shareholders’ agreement with CRRC Urban Traffic (Europe) Co Ltd (CRRC UT Europe) to pursue urban transportation business opportunities in Malaysia and the South-East Asian region, particularly in the areas of rail, urban transportation, logistics, trading and construction.
In a statement, Ireka said that a 51:49 JV company (JVCo) would be established between Ireka and CRRC UT Europe.
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