DUTY FREE IN­TER­NA­TIONAL TO MOVE TO SGX MAINBOARD

The Sun (Malaysia) - - SUNBIZ -

PETALING JAYA: At­lan Hold­ings Bhd’s ma­jor sub­sidiary Duty Free In­ter­na­tional Ltd (DFI) has re­ceived share­hold­ers’ ap­proval for the trans­fer of its list­ing from Catal­ist to the Mainboard of Sin­ga­pore Ex­change Se­cu­ri­ties Trad­ing Ltd (SGX-ST). DFI, the largest mul­ti­chan­nel duty free and duty paid re­tail­ing group in Malaysia, is ex­pected to start trad­ing on SGX-ST Mainboard on Wed­nes­day at 9am. Ear­lier this year, Heine­mann Asia Pa­cific Pte Ltd a wholly owned sub­sidiary of Gebr. Heine­mann SE & Co KG (Gebr. Heine­mann) pur­chased a 10% plus one share stake in DFZ Cap­i­tal Bhd (DFZ), a wholly owned sub­sidiary of DFI, for a con­sid­er­a­tion of €19.7 mil­lion (RM91.3 mil­lion) in cash, with an op­tion of in­creas­ing its stake by 15%.

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