You are here

ICL gets EGM nod for purchase of stake in holder of China park rights

Firm to buy 60% of Global Entertainment Media

BT_20170701_NRCROWN1_2960176.jpg
ICL's Mr Wan said given the rising popularity of cultural tourism in China, and Wonder Stone Park's well developed infrastructure and amenities, the park will be able to generate "stable, recurrent income".

Singapore

REAL estate firm Imperium Crown Ltd (ICL) has received the green light at an extraordinary general meeting on Friday to acquire a 60 per cent stake in Global Entertainment Media (GEM) as it banks on China's growing tourism industry.

GEM, via subsidiary Linyi Yin Sheng,

sentifi.com

Market voices on:

Powered by GET.comGetCom