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Asti Holdings in discussions to sell STI Group for S$100m
Add BT as a preferred sourcePublished Mon, Dec 18, 2017 · 09:50 PM
Singapore
MAINBOARD-LISTED Asti Holdings is in discussions to sell several of its wholly owned units - known as STI Group - to Shanghai Pudong Science and Technology Investment Co for about S$100 million.
The semiconductor equipment manufacturer told the Singapore Exchange on Monday evening that it has entered into a term sheet with Shanghai Pudong, where the two parties will have exclusive negotiation for 60 days.
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