SINGAPORE, Sept 28 — Singapore’s sovereign wealth fund GIC is among investors vying to buy up to 20 per cent stake in grocer Bach Hoa Xanh from Vietnam’s retail giant Mobile...
SINGAPORE, Sept 28 — Singapore’s sovereign wealth fund GIC is among investors vying to buy up to 20 per cent stake in grocer Bach Hoa Xanh from Vietnam’s retail giant Mobile World Investment, in a deal that could value the grocery chain at up to US$1.7 billion , two sources said.
“The deal is nearing to the finalising stage and expected to close soon,” one of the sources with knowledge of the matter said, adding that a deal could be sealed as early as the first quarter of next year if negotiations are successful. “We are still in a private placement and have signed an agreement not to disclose information with interested bidders,” it said.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Singapore Tourism Board launches Made in Singapore global campaign to inspire travel to SingaporeSINGAPORE: The Singapore Tourism Board (STB) today unveiled Made in Singapore, its latest global campaign to inspire travellers to choose Singapore as their next travel destination.
Read more »
Singapore Tourism Board melancarkan kempen global Made in Singapore untuk menginspirasi pelancongan ke SingapuraSingapore Tourism Board (STB) hari ini melancarkan Made in Singapore, kempen global terkini sebagai inspirasi para pelancong memilih Singapura untuk destinasi pelancongan seterusnya.
Read more »
Singapore upgrades F-16 fighter jetsSINGAPORE: Singapore has upgraded its F-16 fighter jets with advanced capabilities, said its Ministry of Defence.
Read more »
EY Center for Sustainable Supply Chains launches in SingaporeThe EY organisation recently launched the EY Center for Sustainable Supply Chains.
Read more »
Four charged with working illegally in Singapore as food delivery riders; three others face abetment chargeSINGAPORE — Four foreigners were charged yesterday with working illegally as food delivery riders without valid work passes in Singapore. Two Singaporeans and a permanent...
Read more »
Singapore blows up 100kg WWII-era bomb after thousands evacuatedSINGAPORE: Singapore army specialists today detonated a 100-kilogramme (220-pound) World War II-era bomb found at a construction site, causing a thunderous boom in the city-state after authorities had evacuated thousands of residents.
Read more »