Chasen Hldgs

Chasen Hldgs: Discloses JV with HK Yong An Intl Invt Co. Co will own 70% of the JV and its share of funds is Rmb70m which will be funded internally. In a separate annoucement, 51% owned JV, Hup Lian Engrg has secured $4.1m worth of local engrg projects. Both contracts are related to steelworks for a mall and office tower in Jurong East and a plant in Tuas South. Chasen trades at current 6.9x P/E