Grand Banks buying Aussie boat builder

Bid to free it from SGX watch-list

Sat, Apr 12, 2014 - 6:00 AM

Malminderjit Singhbtworld@sph.com.sg@MalminderjitBT

Singapore

LUXURY boat manufacturer Grand Banks Yachts announced yesterday that it will be buying Australian boat builder Palm Beach Motor Yacht for up to A$10 million (S$11.7 million) in a deal that could help it get off Singapore Exchange's (SGX's) watch-list.

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