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Tai Sin Electric
MAINBOARD-listed Tai Sin Electric has entered a subscription agreement for a 40 per cent stake in Indonesian firm PT Elmecon Multikencana for an aggregate consideration of S$500,000, it announced on Tuesday night.
The deal was made via Tai Sin unit Lim Kim Hai Electric Co (LKHE). The consideration, agreed upon on a willing buyer and willing seller basis, is funded from internal resources.
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