ABR to buy 50% of Bintan Lagoon Resort

Singapore

ABR Holdings said on Tuesday that its wholly owned subsidiary, ABR Land, has entered into an agreement to buy 50 per cent of Bintan Lagoon Resort for S$65 million in cash.

ABR runs chains such as Swensen's and Yogen Fruz here, but has been diversifying into property in recent months. In September it acquired a 1,179.83 sq m plot in Kuala Lumpur for RM3.556 million (S$1.1 million).