SINGAPORE: The financially troubled Singapore Flyer, one of the world’s tallest observation wheels, has been bought by a local firm for S$140mil (RM354mil), more than a year after being put in receivership.
Straco Corporation said in a filing to the Singapore Exchange its subsidiary Straco Leisure is purchasing the 42-storey high observation wheel, which at 165m, is 30m higher than Britain’s London Eye.
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