Aung Moe Kyaw

Intraco has entered into a non-binding heads of agreement with Tat Hong Holdings and Aung Moe Kyaw to establish a joint venture company in Singapore for crane rental and distribution of cranes and excavators in Myanmar. The JV will have an initial paid-up capital of US$3 million, with Intraco and Tat Hong each holding 40% and Aung Moe Kyaw holding 20%.