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Longcheer selling Mobell Technology for 240m yuan

Wednesday, June 25, 2014 - 06:00

LONGCHEER Holdings is selling its wholly owned subsidiary Mobell Technology for 240 million yuan (about S$48 million) to a company controlled by Longcheer's executive directors. Part of the net proceeds of the sale, estimated at 237.3 million yuan, will be distributed to shareholders, Longcheer