Stratech completes revamp, eyes overseas growth
Streamlined group has greater flexibility for acquisitions and strategic partnerships
Singapore
THE Stratech Group, the new listing entity that has emerged following the recently completed restructuring of Stratech Systems, is eyeing overseas markets to drive growth.
Under the restructuring by way of a scheme of arrangement first announced in October last year, Stratech Systems is now an indirect wholly owned subsidiary of The Stratech Group. One aim of the revamp was to streamline the group for global expansion. Where mergers and acquisitions are concerned, it allows greater flexibility for acquisitions and for strategic equity partners to tie up with the group's subsidiaries, executive chairman David Chew said.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
DBS chief expects 2024 earnings to hit new highs as Q1 profit rises 15% to S$2.95 billion
Banking giants race to Riyadh as MBS steps up pressure campaign
BlackRock, Citadel reap billion-dollar deals from Australia fund
Credit Suisse faces 50 billion won South Korea short-sale fine
Nvidia supplier SK Hynix says HBM chips almost sold out for 2025
Jim Beam owner bets on canned vodka cocktails to double revenue