Pteris part of larger plans, says CIMC
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CHINA International Marine Containers (CIMC) is seeking to expand its airport logistics systems (ALS) business and Singapore-listed Pteris Global will be an important part of the plan, said CIMC board secretary Yu Yuqun.
This afternoon, Pteris shareholders will vote on a reverse takeover (RTO) deal that, if passed, will see CIMC gaining a controlling interest in Pteris. CIMC currently has a stake of 15 per cent.
The RTO involves Pteris purchasing Tianda Group, the world's largest supplier of passenger boarding bridges, for S$137.6 million.
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