Cortina said the proposed acquisition will provide it with exclusive distributorship rights to the Franck Muller brand in 12 countries within the Asia-Pacific.
SINGAPORE: Mainboard-listed luxury watch retailer Cortina Holdings has proposed to acquire privately-held Sincere Watch for S$84.5mil (US$62.5mil) in cash, it said in an exchange filing early Tuesday morning.
Cortina shares traded at S$2.30 as at 10.07am yesterday, up S$0.23 or 11.1% from the previous close, after the announcement.
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