Tan Chong International sells property, plant, and equipment for $126.3 million in call option to City Developments Limited unit
Tan Chong International Ltd, an automotive, finance, and property conglomerate, has announced the sale of its property, plant, and equipment worth $126.3 million to a unit of City Developments Limited (CDL). The deal was made through a call option, which is a financial contract that gives its holder the right, but not the obligation, to […]