Under the MOU, both parties will explore maintenance, repair and overhaul (MRO) opportunities in Fujian, China. The MOU will leverage SIA Engineering Company’s comprehensive MRO service offerings, certifications and maintenance capabilities and Iport Group’s extensive infrastructure and resources in Fujian.
No definitive or binding agreements have been entered into with SIA Engineering Company yet.
As at 2.28pm, shares in SIA Engineering Company are trading 4 cents lower or 1.67% down at $2.36.
