Allied Technologies to divest unit for S$25m
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Singapore
ALLIED Technologies announced after trading hours on Wednesday that it will be disposing of its unit Allied Technologies (Suzhou) Co (ATSU) for a total purchase consideration of S$25 million.
The purchaser is businesswoman Hong Siou-Jhu, who is residing in Taiwan, and is intending to expand her business into China via the acquisition, according to a filing to the Singapore Exchange (SGX).
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