SUBSCRIBERS
Sunrise Group's Wong buys 29% stake in ITE Electric
Published Mon, Sep 12, 2016 · 09:50 PM
Singapore
INVESTMENT holding company Prosperity Luck Overseas Inc has acquired a substantial stake in ITE Electric Co (ITE) after ITE's former non-executive chairman disposed of his entire 29 per cent stake for S$6 million.
In a release to the Singapore Exchange last week, ITE referenced an earlier announcement dated Aug 25 and said that Aw Cheok Huat has divested his entire shareholdings at S$0.15065 per share, making Wong Siu Fai…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Tesla cuts US prices by US$2,000 as sales slow, inventories swell
Volkswagen workers vote decisively to unionise in Tennessee
Sony deal for Paramount would draw added regulatory scrutiny
Bitcoin 'halving' has taken place: CoinGecko
Lululemon to shutter Washington distribution center, lay off 128 employees
Wall Street bonus rules return to regulatory agenda in third try