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Debt-laden Stratech agrees to private equity takeover

Plan involves placement of eventual 58.4% stake for US$20m, conversion of about S$8.75m of loans into shares

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Executive chairman David Chew (left) and executive director and chief corporate officer Leong Sook Ching will continue to have the right to appoint themselves as executive directors.

Singapore

THE Stratech Group has agreed to place out an eventual 58.4 per cent stake in itself to a private equity investor for US$20 million and to convert about S$8.75 million of loans into shares, the surveillance technology company announced on...

sentifi.com

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