Thursday, September 17, 2015

Travelite Holdings says in talks over potential acquisition

Travelite Holdings, the distributor and retailer of menswear, ladies fashion products, and other travel-related accessories, revealed on Wednesday that it is engaged in talks over a potential acquisition which could be “a major transaction”, based the discussions with the seller at the current stage.

The comment was made in response to a query from Singapore Exchange on the announcement it made on Monday.

The target is a local company engaged in the business of wholesaling and retailing of ready-made apparel, it said.

Travelite last closed at 30 cents.

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