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Allco Finance sells part of Singapore group

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Allco Finance sells part of Singapore group

Wednesday, 09 July 2008

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SYDNEY -- Troubled Allco Finance Group Ltd. said Tuesday it sold part of its real estate arm in Sing apore for S$180 million (US$132 million) to pay off debts. The sale to Singapore property developer Frasers Centrepoint Ltd. is comprised of Allco's 17.7

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