Ellipsiz to Dispose Off Majority Stake in Axis-Tec

MT Newswires

2024/12/02

Ellipsiz (SGX:BIX) entered into a sale and purchase agreement with Yanmade Electronic to dispose off 51% of its stake in Axis-Tec, according to a filing with the Singapore Exchange on Friday.

The consideration for the sale of the manufacturer of precision engineering solutions is SG$2.9 million. The deal offers the group an opportunity to realize its investment in the target company.

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