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China group buys into True Group; IPO on cards
US$36.7m investment in Singapore-based fitness operator paves way for expansion across China
Published Tue, May 30, 2017 · 09:50 PM
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Singapore
HONG Kong-listed Tongfang Kontafarma has acquired a sizeable stake in Singapore-based fitness and wellness provider True Group for US$36.7 million in cash, a move that paves the way for the latter to significantly expand its presence across China.
The deal, announced on Tuesday afternoon, will see Tongfang Kontafarma -…
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