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7 months ago
BRIEF-Artivision Technologies enters non-binding term sheet for disposal of unit Artimedia Pte Ltd
December 15, 2016 / 10:54 AM / 7 months ago

BRIEF-Artivision Technologies enters non-binding term sheet for disposal of unit Artimedia Pte Ltd

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Dec 15 (Reuters) - Artivision Technologies Ltd

* Aggregate consideration for proposed disposal is s$50 million

* On 14 dec, entered into a non-binding term sheet with an independent third party

* Deal for proposed disposal of entire issued and paid-up share capital of unit, Artimedia Pte together with Artimedia's unit, Artimedia Technologies

* Proposed disposal is expected to yield a gain of about s$38.0 million Source text for Eikon: Further company coverage:

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