Companies & Markets

Create a free account with Business Times for seamless access across SPH Media products.

SUBSCRIBERS

Delong unveils plan to go into investment business

Published Tue, Aug 23, 2016 · 09:50 PM

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.

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes

Get the latest coverage and full access to all BT premium content.

Browse corporate subscription here