Spindex Industries (SGX:564) has entered into a sale and purchase agreement to acquire 100% of Techpro Precision Engineering for up to SG$3.7 million, according to a Friday filing on the Singapore Exchange.
The acquisition will be completed in two tranches: SG$3 million for 80% of Techpro's shares, to be followed by up to SG$739,585 for the remaining 20%.
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