Court Closes Door on Bitature’s Legal Delay Strategy in $10M Debt Battle
In a major blow to businessman Patrick Bitature, the Court of Appeal has rejected what critics are calling a calculated legal move to stall the sale of six prime properties including the upscale Protea Skyz Hotel used as collateral for a ballooning $10 million loan taken a decade ago. Simba Properties and
Simba Telecom to buy M1 stake from Keppel for US$1.11 billion
Manager Keppel said on Monday (Aug 11) it will sell M1’s telecom operations to operator Simba Telecom for an enterprise value of S$1.43 billion (US$1.11 billion). Keppel will receive S$1 billion in cash proceeds for its 83.9 per cent stake in its subsidiary M1 Limited. It will retain the fast-growing
