Accrelist's subsidiary divests 30% stake in Honfoong for $1.5 mil to 'drive further growth and unlock value'

Accrelist’s 53.07%-owned subsidiary Jubilee Industries Holdings has divested a 30% stake in Honfoong Plastic Industries Pte. Ltd. to Optium Gains International for a cash consideration of $1.5 million.

The move was made to “drive further growth and unlock value”, says Accrelist in an Oct 17 statement.