DeClout selling 72.09% stake in Acclivis to Citic Telecom
It expects gross proceeds of up to S$45.6m and disposal gain of up to S$27.9m
Singapore
CATALIST-LISTED DeClout's key agenda to unlock value has been falling nicely in place.
Three months after it spun off and listed its unit Procurri on Singapore Exchange's mainboard, the information and communications technology (ICT) service provider is on to its "second harvest" - to plump up its capital base by selling a 72.09 per cent owned subsidiary to China's Citic Telecom International Holdings.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
US dollar soft on renewed Fed rate cut bets; yen on back foot
Possible class action lawsuit against Cordlife by customers could take at least 2 years
SAP extends CEO Klein’s contract until 2028
Paragon Reit posts 3% rise in Q1 gross revenue to S$73.8 million
Shell in talks to sell Malaysia fuel stations to Saudi Aramco: sources
Singapore Airlines orders 1,000 tonnes of sustainable aviation fuel from Neste