Joyas International (SGX:E9L) unit Asiapac Growth signed a joint co-operation agreement with Yuanqi International Energy on Oct. 23, completing a previously announced transaction involving its indirect unit, Craft Renewable Energy Engineering.
The deal follows the completion of a share transfer on Oct. 8, under which Yuanqi acquired a 40% stake in Craft for HK$4,000, while Asiapac retains a 60% interest, according to a Wednesday filing.
Craft was formerly known as Meta Technology International, and has shifted its core business to renewable-energy engineering services targeting Southeast Asian markets.
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