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Cityneon bags investment from Singapore's EDBI

"Today, about 90 per cent of the group's profits are derived from outside of Singapore. We intend to step up our pace of expansion," says Cityneon's Mr Tan.


CITYNEON Holdings has snagged a strategic investment from EDBI, the investment arm of the Singapore Economic Development Board, the company said on Monday, without disclosing the amount.

EDBI now holds a minority stake of around 2.3 per cent in Cityneon, the latter's...

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