RUMOURS of its courtship has been swirling for months but like any budding romance, both parties played coy until Cortina Holdings' proposed acquisition of Sincere Watch finally surfaced in an exchange filing just past midnight on Monday.

MAINBOARD-LISTED luxury watch retailer Cortina Holdings has proposed to acquire privately-held Sincere Watch for S$84.5 million in cash, as it looks to expand its footprint in the region.

RUMOURS of its courtship has been swirling for months but like any budding romance, both parties played coy until Cortina Holdings' proposed acquisition of Sincere Watch finally surfaced in an exchange filing just past midnight on Monday.

THE following companies saw new developments that may affect trading of their securities on Tuesday.

Cortina Holdings plans to pay $84.5 million in cash for 18 boutiques now run by fellow luxury watch retailer Sincere Watch. Besides the Sincere Watch chain of multi-brand retail outlets in Singapore and Malaysia, the target company also runs a similar business in Thailand under the Pendulum bra...

THE following companies saw new developments that may affect trading of their securities on Tuesday.

MAINBOARD-LISTED luxury watch retailer Cortina Holdings has proposed to acquire Sincere Watch for S$84.5 million in cash, it said in an exchange filing early Tuesday morning.

LUXURY watch retailer Cortina Holdings on Friday posted lower sales and earnings for its half year ended Sept 30, as its business took a hit from Covid-19.

Cortina Holdings has posted earnings of $14.6 million for the 1HFY2021 ended Sept 30, some 23% lower than earnings of $18.9 million a year ago. Earnings per share for the half-year period came in at 8.8 cents, down from the 11.4 cents reported in 1HFY2020. 1HFY2021 revenue fell 32.4% y-o-y to $173.8...

KUALA LUMPUR (Oct 19): YTL Corp Bhd's luxury shopping centre The Starhill has unveiled a line of luxury brands that will occupy the mall as it sets for reopening early next year. According to online portal Inside Retail, The Starhill’s ground floor will house high-end tenants including Davidoff Ciga...