Advance Synergy expands into Korea
03 Dec 2014 / 05:41 H.
PETALING JAYA: Advance Synergy Bhd has proposed to acquire a 50% stake in SH Tour Co. Ltd for US$800,000 (RM2.77 million) 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.