Monday, 5 December 2016

Stock Market Today :United Global to establish Taiwan JV with distributor, clarifies CIMB report



United Oil Company, a subsidiary of United Global Limited, has entered a shareholders agreement

with Jin Wei Chuang, the group's existing distributor in Taiwan, to incorporate a joint venture (JV) company in Taiwan.
Jin Wei Chuang is in the business of importing and distributing lubricants and automotive spare parts in Taiwan.

In a Monday statement, United Global says the JV's principal activity will be in distributing lubricants of United Oil's in-house brands in Taiwan, and trading of third party's lubricants from time to time.

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