Hoe Leong Subsidiary Increases Investment in Australian Stepdown Subsidiary

MT Newswires

10/31

Hoe Leong's (SGX:H20) subsidiary, Trackspares Global, increased its investment in Australian stepdown subsidiary, Trackspares (Australia), to SG$3.4 million, according to a Friday filing with the Singapore Exchange.

The investment was carried out through the subscription of 100,000 new shares at AU$1 per share.

The investment was funded by internal resources, the filing added.

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