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Raffles United to make offer for Kian Ho

Thursday, June 5, 2014 - 06:00

RAFFLES United yesterday bought 73.2 million shares in mainboard-listed Kian Ho Bearings, representing a 31.27 per cent stake in the bearings distributor, from crane supplier Tat Hong Holdings in a married deal. This boosted the stake of Raffles United and its concert parties to 52.65 per cent

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