Singapore: Econ Healthcare takes S$3.4m hit from Crosstec investment

Econ Healthcare, the largest private nursing home operator in Singapore and Malaysia, has sold its stake in Hong Kong-listed Crosstec Group Holdings, a “one-stop provider of interior design solutions”, booking a loss of approximately S$3.4m (US$1.6m) from its investment. Crosstec’s share price has plummeted this year, from a high of HK$2.38 per share on January…

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