More News
MANUFACTURING | Staff Reporter, Singapore

Smartflex Holdings mulls divestment of key subsidiaries for $26.1m

It will become a cash company if the deal pushes through.

Catalist-listed Smartflex Holdings has inked a non-binding term sheet with private equity fund Novo Tellus for the potential sale of its two subsidiaries.

The two subsidiaries, Smartflex Technology and Smartflex Innovation, might be sold for up to $26.1 million if the deal pushes through.

If the disposal pushes through, Smartflex will cease to have any operating subsidiaries or businesses and will become a cash company under Catalist listing rules.  

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

To get a media kit and information on advertising or sponsoring click here.