Siam Global of Thailand, Cosco create joint venture

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Siam Global of Thailand, Cosco create joint venture
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Cosco Capital Inc. of retail tycoon Lucio Co teamed up with Siam Global House Public Company Limited of Thailand to

Cosco said in a disclosure to the stock exchange it signed a joint venture agreement with Siam Global to manage modern trade retail stores that will sell building and construction-related materials, home and garden decorative goods, home improvement goods, construction equipment and tools.

The joint venture partners are looking to finalize, construct and open three to five stores in the next 12 to 18 months. These stores will open in Metro Manila, Calabarzon and Central Luzon. Cosco is an investment holding company of Co. It is engaged in various businesses including retail, wine and alcohol distribution, real estate and mining.

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