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Apsil ends RTO deal with Chinese property firm

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Published Tue, Apr 10, 2018 · 09:50 PM

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CATALIST-LISTED Asia-Pacific Strategic Investments Limited (Apsil) - an investment holding firm that counts tycoon Oei Hong Leong as a substantial shareholder - has ended a deal to buy a Chinese real estate firm via a reverse takeover, it said on Tuesday.

This comes as it has not obtained approval from China's Ministry of Commerce for the acquisition since its application for approval in 2016, it said in a statement.

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