Kingsmen Creatives said on Monday that its wholly owned subsidiary, Kingsmen Exhibits, set a strategic joint venture with the Nassal Co. for providing scenic fabrication services for the attractions business in Japan.
The joint venture, called Kingsmen-Nassal Kabushiki Kaisha, will have an issued share capital of 40 million yen upon incorporation, it said in a filing to SGX after the market close on Monday. It will be a 50:50 joint venture, it said.
Kingsmen-Nassal will primarily design, manufacture and build themed attractions and lifestyle parks, the filing said.
“Kingsmen and Nassal have enjoyed many years of partnership and friendship in delivering scenic solutions to complex, global projects,” said Matt Brown, one of four Partners of Nassal, in a statement filed to SGX.
Kingsmen Exhibits will fund its 20 million yen portion of the investment via internal resources, it said.
Kingsmen Creatives provides exhibition, retail and corporate interior and alternative marketing services, the filing said.
Nassal is a scenic fabricator for themed environments, with a specialty in theme parks, resorts, sports venues, zoos and aquariums, it said.