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Apsil ends RTO deal with Chinese property firm
Published Tue, Apr 10, 2018 · 09:50 PM
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Singapore
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 appro…
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