Daily Debrief: What Happened Today

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Tee Hai Chem sells 51% stake to German giant Brenntag as it teams up to go global, retrenchments fall to 7-year low in 2018, employment growth highest since 2014: MOM at

SPECIALTY chemicals distributor Tee Hai Chem on Thursday sold a 51 per cent stake to German chemical distribution giant Brenntag for an undisclosed sum.Tee Hai Chem sells 51% stake to German giant Brenntag as it teams up to go global

WITH the move, the Singapore company aims to accelerate growth by tapping into Brenntag’s global network to further expand its reach regionally and globally, as well as giving Tee Hai’s employees an opportunity to be part of a worldwide organisation.

 

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