Malaysia’s Advance Synergy expands into Korea

holidayvilla

Advance Synergy Bhd has proposed to acquire a 50% stake in SH Tour Co. Ltd for $800,000 in an effort to expand its travel business into South Korea.

In a filing with Bursa Malaysia, Advance Synergy said the acquisition is in line with its intention to have a greater presence in Asia and to further enhance its overall long term growth plan.

“It will provide our travel division an opportune presence in South Korea which will be well positioned to promote growth in both inbound and outbound tourism,” it added.

(The Sun Daily)

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s