Hangji Global Limited signed a memorandum of understanding with SPT OILFIELD EQUIPMENT & VESSELS MANUFACTURERS LLC to undertake engineering projects and related services. It is expected that SPTs core competencies particularly in undertaking structural, fabrication and related engineering works, and surface finishing plus logistics planning in projects across different sectors would offer great value in terms of execution capabilities of complex projects. Company's teaming with SPT is expected to provide strengthening of engineering capabilities that should contribute to company’s margins and thereby financial performance.