You are here

Straco completes acquisition of Singapore Flyer

flyerst12.jpg
TOURISM operator Straco Corporation has completed its acquisition of the Singapore Flyer ferris wheel for S$140 million.

TOURISM operator Straco Corporation has completed its acquisition of the Singapore Flyer ferris wheel for S$140 million.

Straco announced early on Friday morning that the completion of the deal took place on Thursday. It added that its subsidiary, Straco Leisure, secured a S$84 million loan from DBS to pay for the acquisition partially.

The counter closed half a cent lower on Thursday at 75 cents per share.

sentifi.com

Market voices on:

Powered by GET.comGetCom