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Albedo to acquire majority stake in Taiwan firm

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Published Thu, Jun 11, 2015 · 09:50 PM

Singapore

STEEL trader Albedo Limited said it has agreed to acquire a majority stake in a Taiwanese aesthetic medicine group.

Under a conditional sale and purchase agreement inked on Thursday, Albedo agreed to buy a 51 per cent stake in China iMyth Company Pte Ltd from China Medical Investments Company Pte Limited (CMIC) for S$18.9 million.

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