Joint Venture12 Nov 2025, 05:24 pm
Cosmo First Ltd forms 50:50 Joint Venture with Filmax Corporation, Korea for Distribution and Marketing of Flexible Packaging Products
AI Summary
Cosmo First Ltd has entered into a Joint Venture Agreement with Filmax Corporation, Korea to form a 50:50 Joint Venture Company in Korea. The purpose of the agreement is to undertake and carry out the distribution, sale and marketing of flexible packaging and other products manufactured by the two companies. Cosmo and Filmax will subscribe to the capital of JV Company in the ratio of 50:50 and will appoint/nominate 2 (two) Directors each on the Board of the JV Company. The JV Company shall issue Equity shares to Cosmo and Filmax in the agreed shareholding ratio.
Key Highlights
- Cosmo First Ltd forms a 50:50 Joint Venture with Filmax Corporation, Korea
- The Joint Venture will undertake and carry out the distribution, sale and marketing of flexible packaging and other products manufactured by the two companies
- Cosmo and Filmax will subscribe to the capital of JV Company in the ratio of 50:50
- Cosmo and Filmax will appoint/nominate 2 (two) Directors each on the Board of the JV Company
- The JV Company shall issue Equity shares to Cosmo and Filmax in the agreed shareholding ratio