Heatec Jietong Forms Joint Venture with TEMA India
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Heatec Jietong Holdings Ltd. has announced a joint venture with TEMA India Private Limited to form Tema Heatec Pte Ltd in Singapore. TEMA India will hold a 51% stake, while Heatec Jietong Pte. Ltd. will hold 49%. This partnership aims to enhance both companies' market positions in the heat and mass heat transfer equipment industry. Heatec Jietong specializes in manufacturing and designing various equipment, including heat exchangers and solar power systems. The company's current market cap is S$4.3M, with a year-to-date price performance of 5.00%.
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