Colex acquires 80% of Vemac Services for $2.2 mil

SINGAPORE (Oct 27): Colex Holdings, the waste management company, has agreed to acquire an 80% stake in Vemac Services for $2.2 million.

Vemac is the business of repairing, maintaining, refrigerating, air-conditioning and ventilating machinery and equipment.

The sellers of the 494,720 Vemac shares are "several third party individuals" who will hold the remaining 20% stake in Vemac.

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