Amplefield (SGX:AOF) has gained control of over 59.99% of CAM Connectivity Phils through a shareholder agreement with CMB Mechatronics, a filing with the Singapore Exchange said on Monday.
This acquisition gives Amplefield the authority to appoint a management team and make key decisions regarding CAM's operations.
CAM Connectivity Phils is a significant player in the Philippine Economic Zone, operating an advanced plant and equipment facility through its subsidiaries, CAM Precision Technology and Ampsolar.
Amplefield's shares were down 5% in recent trading.
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