SUBSCRIBERS

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.

Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

Copyright SPH Media. All rights reserved.