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Addvalue Technologies to spin off and list subsidiary via distribution in specie

PC Lee Published on Tue, Jun 12, 2018 / 6:53 PM GMT+8

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SINGAPORE (June 12): Addvalue Technologies has released more details about the proposed spinoff and listing of wholly-owned subsidiary, Addvalue Solutions (AVS).

Addvalue Tech said the spinoff will be conducted through a distribution in specie to its shareholders of at least 10% of the shares of AVS currently held by the company via another wholly-owned subsidiary.

This will be followed by the listing and quotation of the AVS shares on the Catalist Board of the Singapore Exchange.

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