Chasen Holdings' (SGX:5NV) indirect subsidiary, REI Promax Technologies, entered into a sale and purchase agreement with Wee Teck Wee for the disposal of a 90% stake in Suzhou Promax Communication Technology, according to a filing with the Singapore Exchange on Friday.
The subsidiary incurred a loss of SG$4.2 million in fiscal 2024. The disposal allows the company to limit future losses.
Price (SGD): S$0.10, Change: S$+0.00100, Percent Change: +0.99%
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.