31 Aug '14, 8am

My Report: Straco buys Singapore Flyer

My Report: Straco buys Singapore Flyer

Mainboard-listed Straco Corporation, 63 per cent-owned by his family, is buying the 165-metre-high Singapore Flyer attraction by the Marina Promenade for S$140 million. Straco will fund the purchase with part of its S$100 million cash pile. The company will also be taking on debt. Dubbed the highest observation wheel in the world, the Flyer is a prominent feature of the Singapore skyline.

Full article: http://thefinance.sg/2014/08/31/my-report-straco-buys-sin...

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