Premier Explosives Limited Enters MoU with Global Munition Limited for Joint Venture in Defence and Aerospace Manufacturing

Premier Explosives Limited has announced entering into a Memorandum of Understanding (MoU) with Global Munition Limited, a subsidiary of NIBE Ordnance and Maritime Limited, to establish a joint venture for manufacturing Defence and Aerospace products. The proposed joint venture will see both companies holding equity in the ratio of 51:49. Further developments in the matter will be updated as they occur.