The Business Times

Straco completes acquisition of Singapore Flyer

google-preferred-sourceAdd BT as a preferred source
Published Fri, Nov 28, 2014 · 12:36 AM

    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.

    Copyright SPH Media. All rights reserved.

    Reuse this contentFeedback
    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More