Top Chinese firms eyeing Asiatravel.com
No firm offer yet from potential suitors but 'beauty parade' possible
TWO Chinese giants - a leading online travel firm and an e-commerce heavyweight - may be vying for a slice of Singapore-listed Asiatravel.com to tap the booming e-ticketing travel space in China.
The potential bidders have yet to put a firm offer on the table of Asiatravel, an online travel reservation service provider, but a "beauty parade is on hand", according to an industry source.
If the plan pulls through, it will follow hot on the heels of a major deal in the e-commerce space in another Singapore-listed firm which was only…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
LSEG reports in-line first quarter as Microsoft partnership progresses
Japan brokerage Daiwa’s Q4 profit more than doubles as markets recover
Sanofi Q1 profit slips on generic competition, forex effects
Toyota hits record annual output, sales on robust demand
Latest Singapore 6-month T-bill offering cut-off yield of 3.74% as applications dip
Suntec Reit Q1 DPU down 13% to S$0.01511 in absence of capital distribution