ITE Group has announced the sale of its 75 per cent stake in Malaysia-based ECMI ITE Asia to UBMMG Holdings, a subsidiary of UBM, which recently became part of the Informa Group, for a cash consideration of MYR 15m (Approx. £2.8m). The sale forms part of ITE’s Transformation and Growth (TAG) strategy. ECMI runs the Cosmobeauté series of beauty trade exhibitions in Malaysia, Indonesia and Vietnam, and the biennial Lab series of Scientific Instrument and Laboratory Equipme...