Rail News
11 months ago
JR East: Cross-border mergers and acquisitions will hasten the creation of a global corporate model
May 11, 2023 (Japan)
Agreement to purchase GATES shares, a Singapore corporation.
An agreement between JR East and GATES PCM building LTD.,
a Singaporean company has been made.
Within the next three (3) years, JR East will gradually acquire all of the outstanding common shares of GATES.
A Singaporean company called GATES specialises in designing, building, repairing, inspecting, and maintaining railway lines, primarily in Singapore.
Source
https://www.jreast.co.jp/e/press/2023/pdf/20230511.pdf
Photo Courtesy
https://www.asahi.com/ajw/articles/photo/33245221
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