T7 Global to form JV for marine services
PETALING JAYA: T7 Global Bhd 
’s unit has entered into a heads of agreement to form a joint-venture company (JV Co) with C2C-DB Systems Pvt Ltd and Marine Crest Technology Sdn Bhd (MCT) to engage in marine services and the naval technology business in Malaysia.
“The parties have agreed to form a JV Co for marine services and the naval technology business in Malaysia, inclusive of supply, re-fit, refurbishment and upgrade contracts for ships and vessels,” said T7 in a stock-exchange filing.
T7 Marine Sdn Bhd, a wholly owned subsidiary of T7 Global, will hold a majority 40% stake in the JV Co, while the other two parties will hold 30% each.
C2C-DB Systems is an India-based company principally specialising in developing naval technology systems, designing and manufacturing electronic components and software for industries and customers in the international market for the government and private sector.
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