Eindec (SGX:42Z) subsidiary Eindec Holdings has agreed to dispose of its 100% stake in Eindec Shanghai to Boconomics, a Singapore-based management consultancy services provider, according to a filing with the Singapore Exchange on Monday.
The disposal will result in net proceeds of SG$608,000, which will be used for working capital, operational costs and to pursue new investment opportunities.
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.