Affinity to exit Singaporean shipping operator, Jaya Holdings
Affinity Equity Partners is reportedly negotiating with potential buyers to sell its 54.7% stake in Singapore’s Jaya Holdings – a fiscally strained shipping operator – which it has held for more than four years.
Affinity, co-founded by Hong Kong-based KY Tang, may be considering its exit to a consortium led by Jaya's own CEO Chan Mun Lye, according to Reuters, citing sources close to the deal. Any sale would depend...
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