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Transcorp Holdings To Acquire 88.5 Percent Of Regal Motors
Daily Bulletin | 22 December 2015
Related stocks:
T19
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Transcorp Holdings has entered into a sale and purchase agreement for the acquisition of 88.5 percent of Regal Motors for up to $20 million.

The proposed acquisition represents the group’s first foray into the automobile industry. Having considered various factors, the group believes that the automobile industry, in particular the sale of automobiles, is an attractive business sector that will remain robust in the long term.

Transcorp Hldgs  -- -- --   
Business: Pursuant to the acquisition of Regal Motors, Co is now focused on the automobile sales business.

Insight: Jun-19, 1H19 revenue fell 48.1% to $1.5m mainly at... Read More


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