Challenger Technologies new subsidiary Challenge Ventures Pte Ltd

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SGX Mainboard-listed Challenger Technologies Limited (“Challenger” or the “Group”), today announced it has set up a wholly owned subsidiary Challenge Ventures Pte Ltd (“CVPL”) to focus on investing in companies and businesses to complement Challenger’s existing business.

Over the past 2 years, Challenger Technologies Limited has been aggressively investing in its in-house brand “Valore”, which turns out to be a failure. All Valore concept stores have been converted into Challenger stores.

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