Asian electronics, furniture retailer plans for expansion

03/18/2010 | Reuters

Courts Asia is planning to raise in excess of $100 million in an initial public offering in Singapore, sources said. The retailer of furniture and electronics, which has operations in Malaysia and Singapore, plans to use the funds to open new stores and support its consumer finance operations. "The group intends to grow its existing retail store network in Malaysia and to increase the gross floor area at its existing retail stores in Singapore," Courts said.

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