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Nico founders sell controlling stake to investor at discount
Add BT as a preferred sourcePublished Mon, Jan 26, 2015 · 09:50 PM
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Singapore
THE founding family of Nico Steel Holdings sold a controlling stake to an entrepreneur and private investor, the metal alloy supplier announced on Monday.
A limited liability company called Parot Tovot on Jan 19 became a 28.38 per cent shareholder of Nico by buying 36 million shares for S$3.42 million, or 9.5 Singapore cents apiece, from DSAG Investment.
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