Apsil moves into China property via RTO deal
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Singapore
CATALIST-LISTED funeral services provider Asia-Pacific Strategic Investments Ltd (Apsil) on Thursday announced it is moving into China real estate in a deal which it described as a "very substantial acquisition" or a "reverse takeover".
Along with this, Apsil has also proposed a share subscription by tycoon Oei Hong Leong, who will end up as a new substantial shareholder.
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