Singapore Stock Market News
Albedo - land deal potentially aborted
StockFanatic
Publish date: Wed, 19 Mar 2014, 02:38 PM
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High Alert! - Albedo's share price was trading around 2 cents before the proposed land deal; which according to The Star, Tan Sri Danny Tan is aborting his plans to inject his prized Johor land into Albedo.
Sources said talks between Tan and the major owners of Albedo - a loss-making steel and raw materials company - broke down after they failed to agree on the terms of the sale.
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