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

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SINGAPORE (March 28): Libra Group has completed the S$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.

(See: Libra Group to acquire BCA C1-graded builder for about $1 million)

Apart from offering travel and tour agency services in Malaysia, YC Capital also retails luxury items, local herbal products, local delicacies such as bird’s nest, coffee, chocolates and mattresses... (Click here to read the full story.)