SINGAPORE (March 13): Trek 2000 International on Monday entered into a sale and purchase agreement to sell its 19% stake in Racer Technology for $3 million.

The buyer is Racer Tech CEO Willy Koh Kee Joo.

Incorporated in Singapore, Racer Tech and its subsidiaries Racer Technology Sdn Bhd and PT Racer Technology Batam manufacture plastic products for consumer, industrial and commercial uses.

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