Advanced Holdings

The purchase consideration stands at $1, due to the net liability value of the CAEKSA disposal shares and the losses incurred by CAEKSA.

The framework agreement will commence in 1Q2024.

'Given the impending EGM date, Wong did not have the latitude to analyse and review such opportunities in full'

The company will suffer a loss of about $4 million, should the disposals go through.

The JV is said to enhance the long-term view of Advanced Holdings’ shareholders, says the company.

Advanced Holdings has disposed of its entire 85% stake in ZMK Technologies (ZMK) for a total consideration of €1.4 million (S$2.1 million) on Thursday.

SINGAPORE (Jan 23): Here are some stocks that could move the market this Monday morning: Optus Business, the Australian unit of Singtel, has entered into a five-year contract agreement worth A$75 million ($80.7 million) with Flight Centre Travel Group.

SINGAPORE (Jan 23): Advanced Holdings is proposing the acquisition of the entire interest in Agricole Global for a purchase consideration of $180-240 million.