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iBusiness acquires stake in Excel Technology in a 60 million transaction
iBusiness sells 42.6% of its stake in i21 Limited, its joint-venture with Excel Technology, in exchange for a 6.3% stake in Excel's enlarged share capital. The move will allow iBusiness to more closely participate in the growing enterprise software and ASP market while continuing to provide strategic advice for i21.
Oriental Daily - July 11
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