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Cortina plans to acquire Sincere Watch for S$84.5m

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Cortina intends to raise around 60 per cent of the purchase price from bank borrowings and the remainder through internal resources.

Singapore

MAINBOARD-LISTED luxury watch retailer Cortina Holdings has proposed to acquire privately-held Sincere Watch for S$84.5 million in cash, as it looks to expand its footprint in the region.

In an exchange filing early Tuesday morning, Cortina said the proposed acquisition...

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