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Single Point Parts (Thailand) PCL Announces Additional Stake Investment in Subsidiary from Northern Technologies International Corporation


Sunday, 17 Feb 2013 08:34pm EST 

Single Point Parts (Thailand) PCL announced that the Company will acquire the remaining 15% stake or 5,000,000 shares which it did not already own in Single Point Energy and Environment Co Ltd (SPEE), a subsidiary of the Company, from a United States-based company namely Northern Technologies International Corporation (NTIC), worth THB 750,000. The transaction date will be within February 2013. Upon completion, the Company will hold the entire share capital from 84.999% interest in SPEE. 

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