OEL (Holdings)

OEL acquires 70% stake in Quest Asia for $450,000 - THE EDGE SINGAPORE

M&A

OEL acquires 70% stake in Quest Asia for $450,000

Upon the completion of the acquisition, OEL’s NTA per share will rise to 0.17 cents from 0.13 cents previously.

Company in the news

OEL obtains $1.4 mil loan from chairman

On Feb 28, OEL announced that its net loss for FY2022 ended Dec 31 2022 widened by 150.9% over FY2021 to $4.24 million.

Contracts

OEL's subsidiary awarded contract to supply portable ultrasound machine with government organisations

The master agreement will last from Dec 23, 2022, to Dec 22, 2025 with an option for a two-year extension.
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