Brief: Great Eastern To Invest In Axiata Digital's Financial Services Business

Great Eastern Holdings

25/06/2020 10:42

June 25 (Reuters) - Great Eastern Holdings  GELA.SI  
    * ANNOUNCES INVESTMENT OF US$70 MILLION IN AXIATA DIGITAL'S
FINANCIAL SERVICES BUSINESS
    * INVESTMENT VIA NEWLY CREATED HOLDING CO WHOLLY OWNED BY
AXIATA
DIGITAL
    * PROCEEDS FROM INVESTMENT TO FUND EXPANSION PLANS FOR
AXIATA
DIGITAL'S DFS BUSINESS OVER NEXT YEAR IN MALAYSIA & REGION
    * CO TAKES A 21.875% STAKE IN BOOST HOLDINGS, HOLDING CO OF
AXIATA'S DFS

Source text for Eikon:  ID:nSNZ8jQ7fC 
Further company coverage:  GELA.SI 

 ((Reuters.Briefs@thomsonreuters.com;))