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Broadway Industrial still in talks with buyer for hard disk business

Vivienne Tay
Published Mon, Nov 23, 2020 · 09:50 PM

Singapore

BROADWAY Industrial Group is still negotiating with a potential buyer of its hard disk drive business, after receiving a draft binding letter of intent from the potential buyer on Nov 17, it said in a bourse filing late on Sunday.

It was this letter of intent from an undisclosed buyer that led Broadway to halt trading of its shares the next day, on Nov 18.

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