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BRIEF-KTL Global Co Enters Into JV Agreement With In Nany Sing Charlie

Reuters SG

Nov 29 (Reuters) - KTL Global Ltd:

* COMPANY ENTERED INTO A JOINT VENTURE AGREEMENT WITH IN NANY SING CHARLIE

* JV CO, BLUEGAS PRIVATE LIMITED, WILL HAVE A TOTAL ISSUED AND PAID-UP SHARE CAPITAL OF S$50,000 DIVIDED INTO 500 SHARES

* JVC TO ENGAGE IN TRADING OF NATURAL GAS-RELATED EQUIPMENT AND PRODUCTS, AND PROVISION OF OTHER RELATED PRODUCTS AND SERVICES

* PURSUANT TO JVA, COMPANY WILL HOLD AN EQUITY INTEREST OF 80% AND JV PARTNER WILL HOLD AN EQUITY INTEREST OF 20% RESPECTIVELY IN JVC

* ENTERING INTO JVA NOT EXPECTED TO HAVE MATERIAL IMPACT ON CONSOLIDATED NET TANGIBLE ASSETS/SHARE, CONSOL EARNINGS/SHARE FOR CURRENT FY Source text for Eikon: Further company coverage: