SUBSCRIBERS

Asti Holdings in discussions to sell STI Group for S$100m

Add BT as a preferred source

Published Mon, Dec 18, 2017 · 09:50 PM

DeeperDive is a beta AI feature. Refer to full articles for the facts.

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.

asti holdings

Reuse this content Feedback

TRENDING NOW

Air India has been one of the foreign carriers most affected by the outbreak of hostilities in the Middle East.

Air India asks Tata, Singapore Airlines for funds after US$2.4 billion loss

In this economy, the smartest bets might no longer be sitting an ocean away, but are waiting right here at home.

‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival

Malaysia Madani, or Civil Malaysia, is Prime Minister Anwar Ibrahim's slogan encapsulating positive values (such as humanity and strong governance) that would shape policy direction. But the "corporate mafia" claims have now cast the spotlight on governance credibility.

From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?

Malaysia ranks 23rd globally on the Milken Institute’s global opportunity index.

South-east Asian markets account for 8.8% of global capital inflows from 2021 to 2024: report

Latest T-bills Treasury Bills Results & Interest News Latest SSB Singapore Savings Bonds News Latest COE Certificate of Entitlement News

Latest Johor-Singapore SEZ News Latest BTO Build To Order & Sales of Balance News Latest STI Straits Times Index News Latest SGX Dividends, Share Price News Latest Bonds Market News Latest Singapore Stocks To Buy News Latest Singapore Economy News