Boldtek to Dispose Of Entire Stake in Boldtek Projects

MT Newswires

2024/10/21

Boldtek Holdings (SGX:5VI) entered into a conditional sale and purchase agreement with Yee Wei Men for the disposal of its entire stake in Boldtek Projects for SG$230,000, a filing with the Singapore Exchange said on Friday.

The payment will be made in two traches with the first one a non-refundable deposit of 15% of the total consideration.

The subsidiary was in a net loss position of SG$2.1 million in fiscal 2024 and required capital injection to support its working capital.

Price (SGD): S$43275.91, Change: S$+37, Percent Change: +0.09%

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