ITE Group has announced that it has sold Malaysian organiser TradeLink ITE to UBMMG Holdings – a subsidiary of UBM – for a total cash consideration of MYR 23 million (£4.2m)*. The total consideration will be payable upon completion and the proceeds will be reinvested into the Group. Tradelink is the owner of Malaysian metalworking exhibition Metaltech. In the year to 30 September 2017, Tradelink ITE had gross assets of MYR 29.4m (£5.4m), reported a turnover of MYR 1...