SUBSCRIBERS
Travelite plans sale of two units to management-linked firm
Published Mon, Oct 14, 2013 · 10:00 PM
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 Keen, Tong Soon Heng and Lim Teck Shiun, Travelite said in a statement yesterday.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Carnival’s Princess brand revises 2025 world cruise routes amid Red Sea tensions
Google to pay up to US$6 million to News Corp for new AI content, The Information reports
Restaurant Brands tops estimates as Burger King overhaul pays off
Yen falls after suspected intervention on Monday; eyes on Fed
US: Wall St opens lower on labour costs data
TikTok shop tops 500,000 US sellers after 2023 e-commerce launch