Capital A's ADE partners with Sivilai Asia for Cambodia MRO venture

KUALA LUMPUR: Capital A Bhd’s wholly owned subsidiary, Asia Digital Engineering Sdn Bhd (ADE) has entered into a shareholders agreement (SHA) with Sivilai Asia Co Ltd to establish a maintenance repair and overhaul (MRO) business in Cambodia.

In a filing with Bursa Malaysia, Capital A said under the SHA, ADE will subscribe to 60% of the issued and paid-up capital of a Cambodian joint venture company incorporated under the name ADE (Cambodia) Co Ltd (ADE Cambodia). Sivilai Asia will invest the remaining 40%.