HWH International Entered Into Joint Venture To Build Its travel Business In Asia; To Be Known As HapiTravel Holdings
Portfolio Pulse from Benzinga Newsdesk
HWH International has formed a joint venture, HapiTravel Holding Pte. Ltd., to expand its travel business in Asia. The venture will be owned by HWHPL (19%), Mr. Chan (11%), and Mr. Chen (70%), focusing on strategic alliances to enter new markets and hospitality segments.
April 26, 2024 | 1:17 pm
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HWH International's new joint venture, HapiTravel Holding, aims to expand its travel business in Asia, leveraging strategic alliances.
The formation of a joint venture to expand into the Asian travel market is a strategic move for HWH International, indicating a proactive approach to growth. This expansion is likely to open new revenue streams and enhance market presence, which could positively impact investor sentiment and the company's stock price in the short term.
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