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Revisions

Addvalue Tech cuts unit’s disposal value by $22 mil

Leu Siew Ying Published on Tue, Jun 07, 2016 / 10:55 AM GMT+8

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SINGAPORE (June 7): Addvalue Technologies has revised the disposal value of subsidiary Addvalue Communications (AVC) to $308 million from $330 million.

The provider of satellite-based communication equipment and solutions had signed the disposal deal with the Chinese buyer in March 2014.

At that time, the company said that the disposal of AVC, a key subsidiary, would unlock value for its shareholders.

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