Cosco Inks a Joint Venture Deal with Siam Global For a One-Stop Warehouse

July 2022

Cosco Capital, Inc. has approved and signed a joint venture agreement with Siam Global House Public Company Limited to operate a one-stop warehouse for building and construction-related materials, home and garden decorative goods, home improvement goods, construction equipment, and tools.

The new joint venture company will be setup as 55% for Siam Global House Public Company Limited and 45% by Cosco Capital Inc. The initial capital for the new company would amount to PHP 500 (USD 8.9 million). The joint venture is looking to finalize, construct and open 3 to 5 stores in the next 12 to 18 months in the National Capital Region, Calabarzon, and Region 3.

Siam Global House Public Company Limited is based in Thailand, with 76 stores selling building materials and home decorative products.

Cosco Capital is an investment holding company with diverse interests in retail, wine and alcohol distribution, real estate, and mining. The group’s subsidiaries include Puregold Price Club, Inc., Ellimac Prime Holdings, Inc., and Office Warehouse, Inc., among others.

(Source: Business World)

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