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Albedo sells stake in Thai unit for nominal S$1
Move follows full and final settlement of the company's obligations as a guarantor
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Mindy Tan
Published Fri, Dec 19, 2014 · 09:50 PM
Singapore
ALBEDO Limited is selling its entire 70 per cent stake in Thai Tech Steel (2003) to Thoroughbred Holdings for a nominal consideration of S$1, following the full and final settlement of its obligations as a guarantor.
Thoroughbred Holdings is a private limited company; its sole director and shareholder is Choy Khiong Rick.
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