Container manufacturer and depot operator Singamas Container Holdings' plans to take a 40 per cent stake in mainland-based joint venture Xia-Win Container Manufacturing have been scuppered. Singamas president and chief executive Teo Siong Seng said the Xiamen deal, which was announced by Singamas in November, was put off after Xia-Win went into liquidation. The joint-venture firm had been taken over by its South Korean partner, he said. Singamas had announced it would join forces with its subsidiary, Shanghai Pacific International Container, to buy the Xia-Win stake for US$3.52 million. Singamas was to have taken a 25 per cent stake for $2.2 million and Shanghai Pacific a 15 per cent interest for $1.32 million.