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Libra Group completes $12 mil acquisition for 51% stake in YC Capital

M&A

Libra Group completes $12 mil acquisition for 51% stake in YC Capital

PC Lee Published on Wed, Mar 28, 2018 / 7:10 PM GMT+8

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SINGAPORE (Mar 28): Libra Group has completed the $12 million acquisition of a 51%-stake in a Malaysia-based tourism and retail-related business as part of its new asset-light growth diversification strategy.

See: Libra revises consideration and terms in 51% stake acquisition of Malaysian travel agency

Libra, a Singapore-based integrated building solutions provider, acquired YC Capital Consolidated from Chu Sau Ben, the company’s executive chairman and CEO, in an all-share transaction.