SINGAPORE (July 12): Catalist-listed Mercurius Capital announced that it will be diversifying into the grocery business in Malaysia, with its acquisition of Songmart Holdings for S$36 million.
Mercurius is an investment holding company that operates through three segments: Original design manufacturing (ODM) business; Bedding and bed linen retail business, and sourcing and procurement (S&P) business.
Songmart is an operator of mini markets, convenience stores and supermarkets in Malaysia. It currently has…(click on link for full story on theedgesingapore.com)
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