Companies & Markets

Create a free account with Business Times for seamless access across SPH Media products.

Companies & Markets

Banking & Finance
Reits & Property
Energy & Commodities
Telcos, Media & Tech
Transport & Logistics
Consumer & Healthcare
Capital Markets & Currencies

MTQ to sell unit to ASX-listed firm for A$17m

Published Tue, Oct 4, 2016 · 10:44 AM

MTQ Corporation said on Tuesday its unit that sells turbochargers in Australia would be sold to an ASX-listed company for an estimated A$17 million (S$17.84 million).

It said it would sell MTQ Engine Systems to Bapcor. The acquisition will either be paid fully in cash or be funded up to 50 per cent through an issuance of shares in Bapcor.

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes