SINGAPORE: ST Group Food Industries Holdings Ltd. has disposed of three indirect subsidiaries operating under the Gong Cha brand in the United Kingdom, citing ongoing losses and a strategic shift toward franchising and supply chain operations. The disposal, completed through ST Group’s indirect subsidiary GCTea Ltd., transfers ownership of GCTea Outlets Ltd., GCTea Outlets…
MELBOURNE, AUSTRALIA: Praemium Limited (ASX: PPS), a global leader in the provision of technology platforms, has entered into an agreement to sell 100% of its operations in United Kingdom, Jersey, Hong Kong and Dubai (International Business) to Morningstar Inc. The consideration for the transaction will comprise cash of £35 million ($AUD 65.1 million), subject…