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Joint Venture acquires established Industrial Packaging Company in Thailand
Mauser Holding Asia Pte Ltd., Singapore
The promoter company of TTL, Time Securities Services Pvt Ltd., (TRSSPL) and Mauser Holding, Netherlands, B.V have formed a joint venture company styled as Mauser Holding Asia Pte. Ltd., Singapore (MHA). MHA has acquired 91.89% of Pack Delta Public Company Ltd., (PDL) an established industrial packaging company based at Bangkok, Thailand. PDPL is listed on market for Alternative Investments. TTL has an understanding with its promoter company TSSPL to acquire the latter's stake in MHA, Singapore at cost and other incidental expenses incurred by TSSPL.
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