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Singapore's Oxley takes 10% stake in Aspen Group for RM69mil


Oxley Holdings group executive chairman and chief executive Ching Chiat Kwong. PHOTO: THE BUSINESS TIMES

Oxley Holdings group executive chairman and chief executive Ching Chiat Kwong. PHOTO: THE BUSINESS TIMES

SINGAPORE: Property developer Oxley Holdings announced it has entered into an agreement with Catalist-listed Aspen Group to take a 10.07% stake in the Malaysian company.

Oxley has agreed to subscribe for 97 million shares at an issue price of S$0.24 apiece, valuing the stake at S$23.28mil (RM69mil).

Corporate News , M&A

   

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