Danny Tan's S'pore listed Albedo deal off?


PETALING JAYA: Tan Sri Danny Tan is aborting his plans to inject his prized Johor land into Singapore-listed Albedo Ltd, a company whose share price shot through the roof late last year on speculation that it would become a new “Iskandar play”.

Sources said talks between Tan and the major owners of Albedo – a loss-making steel and raw materials company – broke down after they failed to agree on the terms of the sale.

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Business , Albedo , Tropicana , Danny Tan

   

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