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April 21, 2015 5:56 AM ET

Electrical Equipment

Company Overview of Shinko Ind. Ltd.

Company Overview

Shinko Ind., Ltd. designs and manufactures energy-saving private power-generation plants. The company offers pumps, steam turbines, and cast products for marine and land, as well as turbo motors, drain separators, vacuum condensers, turbo generating plants, and water fountains. It serves shipping, shipbuilding, electric power, and gas companies. The company was founded in 1938 and is based in Hiroshima, Japan. It has additional offices in Tokyo and Kobe, Japan, as well as Amsterdam, the Netherlands; Bangkok, Thailand; and Singapore, Singapore.

5-7-21, Ohzu

Minami-ku

Hiroshima,  

Japan

Founded in 1938

Phone:

81 82 508 1000

Fax:

81 82 508 1020

Key Executives for Shinko Ind. Ltd.

President
Compensation as of Fiscal Year 2014.

Shinko Ind. Ltd. Key Developments

PMT Industries Sdn. Bhd. Enters into Joint Venture Agreement with Shinko Ind. Ltd

The board of directors of Wah Seong Corporation Berhad announced that its wholly-owned subsidiary, PMT Industries Sdn. Bhd. has on April 22, 2013 entered into a Joint Venture Agreement with Shinko Ind. Ltd., for the purpose of combining their capabilities and expertise in commencing and carrying out the business of manufacturing turbines and any other related ancillary equipment, parts and spares as specifically agreed by the parties through a proposed new joint venture company. The intended name of the proposed new JV Company shall be PMT SHINKO Turbine Sdn Bhd or such other name as may be available and approved by the JV Parties. The proposed new JV Company shall be incorporated in Malaysia under the Act with an iinitial authorized share capital of MYR 5,000,000.00 comprising 5,000,000 ordinary shares of MYR 1.00 each and the issued and paid-up share capital of MYR 2.00 comprising Two ordinary shares of MYR 1.00 each. The eventual issued and paid-up share capital of the proposed new JV Company shall be increased to MYR 1,000,000.00 comprising 1,000,000 ordinary shares of MYR 1.00 each in accordance with the JVA and to be held in the proportions of 51% and 49% by SHINKO and the company respectively. The principal object of the proposed new JV Company shall be manufacturing turbines and any other related ancillary equipment, parts and spares. The board of the proposed new JV Company shall comprise of five Directors of which two shall be nominees of PMT and three shall be nominees of SHINKO. The Chairman of the board of the proposed new JV Company shall be a nominee from any three nominees of SHINKO.

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