Vibrant Group Buys Controlling Stake in Alcohol Supplier

MT Newswires

09/01

Vibrant Group (SGX:BIP) has acquired a 60% stake in Fair Breeze Trading for around SG$7.7 million, according to a Monday filing with the Singapore Exchange.

Fair Breeze is a supplier of duty-free alcoholic beverages and tobacco products to cruise liners, naval ships, and other maritime customers. It has now become a subsidiary of Vibrant Group.

The logistics company also secured call options over the remaining 40% stake, which can be exercised in tranches over three years.

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It has now become a subsidiary of Vibrant Group.</p><p>The logistics company also secured call options over the remaining 40% stake, which can be exercised in tranches over three years.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BIP.SI","symbol_name":"辉联集团有限公司","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2664583850","we_media_id":"1060499803","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2664583850","pubTimestamp":1788237670,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"MT Newswires","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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