Travelite in talks to make 'major' acquisition

TRAVELITE Holdings revealed on Wednesday that it is in talks on a potential acquisition that could be "a major transaction", based the discussions with the vendor at the current stage.

This comment was made in response to a query from Singapore Exchange on the announcement it made on Monday.

The possible target is a local company principally engaged in the business of wholesaling and retailing of ready-made apparel, it said.