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Straco completes acquisition of Singapore Flyer

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TOURISM operator Straco Corporation has completed its acquisition of the Singapore Flyer ferris wheel for S$140 million.

TOURISM operator Straco Corporation has completed its acquisition of the Singapore Flyer ferris wheel for S$140 million.

Straco announced early on Friday morning that the completion of the deal took place on Thursday. It added that its subsidiary, Straco Leisure, secured a S$84 million loan from DBS to pay for the acquisition partially.

The counter closed half a cent lower on Thursday at 75 cents per share.

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