Shanaya Limited Partners with Zym-Tec for Eco-Friendly Construction Innovations

An announcement from Shanaya Limited ( (SG:SES) ) is now available.

Shanaya Limited’s SES has signed a business collaboration agreement with Zym-Tec Technologies Limited to develop and promote eco-friendly construction materials using innovative enzyme technology. The agreement aims to establish a Joint Venture Company within a year, with SES setting up a pilot plant in Singapore to test and demonstrate the technology’s capabilities, potentially leading to a long-term exclusive partnership in the region. The initial collaboration is not anticipated to significantly impact the company’s financial performance for the current year.

More about Shanaya Limited

Shanaya Limited, incorporated in Singapore, operates through its subsidiary Shanaya Environmental Services Pte Ltd (SES), focusing on eco-friendly innovations in the construction industry. The company targets markets across Singapore, Malaysia, Indonesia, India, Bangladesh, and Saudi Arabia, emphasizing low-cost and low-carbon footprint construction solutions.

YTD Price Performance: -1.67%

Average Trading Volume: 1,471,646

Technical Sentiment Consensus Rating: Sell

Current Market Cap: S$13.31M

For detailed information about SES stock, go to TipRanks’ Stock Analysis page.