Matex International in discussion to sell some assets

CATALIST-LISTED Matex International is in a discussion with a third party on a possible sale of some assets with the objective of enhancing shareholders' value, the textile speciality chemical maker announced.

Matex stated in the regulatory statement on Thursday that there is no assurance that the transaction will be eventually entered into or completed even after an agreement has been inked.

The counter rose 3.7 per cent to 2.8 Singapore cents on Thursday, before this announcement was made.

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