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Travelite plans sale of two units to management-linked firm
Published Mon, Oct 14, 2013 · 10:00 PM
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Singapore
SINGAPORE-listed Travelite Holdings plans to sell two of its subsidiaries to Malaysian-based Eted Synergy for RM19.6 million (S$7.5 million) to raise cash to fund its operations and expand into other businesses.
Eted is an investment holding company whose owners include Travelite's management team members Chan Kok K…
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