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MTQ Corporation Ltd (MTLS.SI)

MTLS.SI on Stock Exchange of Singapore

0.46SGD
24 Mar 2017
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Latest Key Developments (Source: Significant Developments)

MTQ Corporation signs deal to sell unit to Bapcor
Tuesday, 4 Oct 2016 06:13am EDT 

MTQ Corporation Ltd : Entered into a share sale agreement with Bapcor limited . Pursuant to deal company has agreed to sell to purchaser entire issued and paid-up share capital of MTQ Engine Systems (Aust) . Mtqes has an issued and paid-up capital of a$5 million comprising of 5 million ordinary shares of a$1 each . Intends for net proceeds raised to be used for repayment of bank borrowings . "estimated purchase price is approximately a$17.0 million" .Estimated net proceeds from proposed disposal are approximately s$17.7 million.  Full Article

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