You are here

Metro ups stake in Top Spring Int'l

HK$528.7m acquisition raises holding close to group's target of at least 20 per cent

Singapore DEPARTMENT store operator Metro Holdings is deepening its investment into the property sector. The group announced yesterday that it is acquiring a 13.66 per cent stake in Hong Kong listed Chinese developer Top Spring International Holdings (TSI) for HK$528.7 million (S$85.7 million),