SINGAPORE - The Popular bookstore chain has been acquired by a Hong Kong investment company for an undisclosed sum, Chinese newspaper Lianhe Zaobao reported on Thursday.Popular Holdings’ businesses include the Popular and other bookstore chains in Singapore, Malaysia, China and the United States.
According to a letter sent to Popular’s suppliers in Malaysia and seen by Zaobao, its chief executive Chou Cheng Ngok has decided to retire after the acquisition. Popular Holdings was incorporated in Singapore on Oct 5, 1996, and listed on the mainboard of the Singapore Exchange a year later.