Procurri reviewing non-binding indications of interest for its assets

PROCURRI Corporation is reviewing and evaluating non-binding indications of interest from several third parties for the purchase of certain assets of the company and its subsidiaries, it said on Thursday (May 12).

The IT solutions provider was addressing the increase in price and trading volume of its shares on Wednesday. Its counter had ended 9.7 per cent or S$0.035 higher at S$0.395, with 1.2 million shares changing hands.

In a bourse filing, the company noted these non-binding expressions of interest are subject to due diligence and other conditions.

It also emphasised that there is no assurance that any transaction will materialise or that any definitive or binding agreement will be entered into.