Singapore Fund Buys Stake in Laox Duty Free: Nikkei Asia

 

A Singapore-based investment fund has become the top shareholder in Laox, a Japanese operator of duty-free stores, Nikkei Asia reported.

Greenwich Investment Holdings took ownership of the 34.5% interest held by a unit of China’s Suning Appliance. Laox said the stake is worth 5 billion yen ($44 million).

Read the full report: Nikkei Asia

 

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