The Business Times
business-time-50
SUBSCRIBERS

Delong unveils plan to go into investment business

google-preferred-sourceAdd BT as a preferred source
Published Tue, Aug 23, 2016 · 09:50 PM

DeeperDive is a beta AI feature. Refer to full articles for the facts.

Singapore

DELONG Holdings, whose core business is the manufacture and sale of hot-rolled steel coil, has proposed to diversify into the investment business.

For a start, it plans to invest 60 million yuan (S$12.2 million) for a 2 per cent stake in China clothing design firm Qingdao Kutesmart Co Ltd.

Copyright SPH Media. All rights reserved.

Reuse this contentFeedback

TRENDING NOW

At MHA, Pang led the ministry’s efforts to deal with security threats such as foreign interference and scams, and its responses in critical and sensitive operations. 

Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire

Andrew Lee, chairman of OCBC (right), and group chief executive Tan Teck Long speaking at Thursday's (Apr 16) AGM.

Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman

Eu Yan Sang group chairman Richard Eu has been with the company since 1989 and has seen plenty of change over the years, such as how employees view their jobs.

Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant

US President Donald Trump (left) with Chinese President Xi Jinping at a bilateral meeting on the sidelines of the Apec summit in Busan last October.

China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result

Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
View More