Transview to sell golf business for $28m to unit of Japan-listed firm

Transview Holdings is selling off its existing golf business for $28 million.

It has entered into a conditional business transfer agreement with Leonian Singapore on Tuesday, said the firm.

Leonian Singapore is a subsidiary of Tokyo-listed Xebio, which is involved in the retail sale of sports goods and gear.

Leonian has agreed to buy Transview's Malaysian subsidiary, the properties, assets and rights of the Singapore subsidiary, and Transview Lifestyle and Nippon Golf.

Transview Lifestyle does the wholesale of sports compression garments, while Nippon Golf deals with the wholesale of golf equipment and related products.