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MANUFACTURING | Staff Reporter, Singapore

Venture forms new US subsidiary

It will explore alliances, partnerships, and ventures in the US.

Venture Corporation (Venture) incorporated a new wholly-owned subsidiary in California, USA.

According to an announcement, Venture Enterprise Innovation, Inc. has an initial paid-in capital of $0.13m (US$0.1m).

The company will engage in activities related to forging new alliances, partnerships and ventures to enable Venture to participate in new technologies and businesses.

The new firm will also allow Venture to develop an "ecosystem" in the US for innovation and collaboration between upstream and downstream business partners.

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