You are here

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

Tuesday, October 4, 2016 - 18:44

24_40024258 - 29_09_2016 - AUSTRALIA STOCK MARKET ASX GAINS.jpg
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).

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.

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom