SINGAPORE (June 27): Advance SCT on Monday entered into a binding heads of agreement with BT Consulting & Management to study the various options to resolve its outstanding debt issues and undertake a strategic business review to revive its ailing business.

Apart from looking at various options to resolve its debt, the collaboration will also involve exploring the acquisitions of new assets and undertakings that are earnings and yield accretive for Advance SCT, the supplier of copper-based products.

Furthermore, BT Consulting will also provide up to $8 million of funding for the strategic review and to meet immediate working capital requirements of its existing commodities business.

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