Leader Environmental Technologies (SGX:LS9) has secured approval from the Singapore Exchange regarding its proposed disposal of the AIWater Group and the associated conditional distribution to shareholders, according to a bourse filing on Wednesday.
The proposed transaction involves the disposal of AIWater and the distribution of up to 238.7 million yuan to its shareholders.
Additionally, up to 34.7 million yuan will be paid to InnoVision, holder of redeemable zero-coupon convertible bonds.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.