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Allied Technologies signs S&P agreement to acquire 51% stake in Activpass for $25.2 mil

M&A

Allied Technologies signs S&P agreement to acquire 51% stake in Activpass for $25.2 mil

PC Lee Published on Mon, Jul 02, 2018 / 10:27 PM GMT+8

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SINGAPORE (July 2): Allied Technologies has finally entered into a sale and purchase agreement with vendors Seow See Keong and Leow Ai Li Amy to acquire a 51% stake in Activpass Holdings for $25.2 million.

See: Allied Tech signs MOU to acquire 51% stake in Activpass; details still being worked out

The proposed acquisition is part of the company’s efforts to diversify its business operations and invest in technology solutions which have strong potential for growth.