KS Energy ( Report from UOB Kay Hian)

KS Energy Services Ltd said it has formed a joint venture company with Tat Hong Holdings Ltd to provide procurement and management services involving oilfield equipment to Sky China Petroleum Services Ltd, a China-based petro-engineering technical services provider. In a statement, KS Energy said the joint venture, called Global Oilfield Services Pte Ltd, has been incorporated in Singapore and is now considered an associated company. KS Energy today closed 0.02 sgd higher at 2.92 while Tat Hong advanced 0. 005 to 0.87.