Sold To Guoco
In 1993, the government sold OTB to Malaysian-owned Guoco Group for US$571 million. OTB became the subsidiary of Dao Heng Bank.
Read more about this topic: Overseas Trust Bank
Famous quotes containing the word sold:
“From the point of view of the pharmaceutical industry, the AIDS problem has already been solved. After all, we already have a drug which can be sold at the incredible price of $8,000 an annual dose, and which has the added virtue of not diminishing the market by actually curing anyone.”
—Barbara Ehrenreich (b. 1941)