Brief: Advancer Global Says Proposed Spin-Off And Listing Of Subsidiaries

Advancer Global

19/12/2023 16:57

Dec 19 (Reuters) - Advancer Global Ltd  ADVN.SI :
    * PROPOSED SPIN-OFF AND LISTING OF SUBSIDIARIES, ADVANCER
IFM PTE.
LTD. AND ADVANCER SMART TECHNOLOGY PTE. LTD.
    * IS EXPLORING A SPIN-OFF OF ITS SUBSIDIARIES ADVANCER IFM
PTE AND
ADVANCER SMART TECHNOLOGY PTE ON NASDAQ
    * PROPOSING TO UNDERTAKE A RESTRUCTURING EXERCISE OF GROUP
    * CO INTENDS TO COMMENCE TRANSFER OF BUSINESS OPERATIONS OF
MASTER
CLEAN TO AIFM BY Q1 OF 2024
    * PROPOSED RESTRUCTURING ENCOMPASSES INCORPORATION OF A
HOLDING
COMPANY FOR SPIN-OFF ENTITIES, WHICH WILL BE 100% OWNED BY CO

Source text for Eikon:  ID:nSN6Gm5cc 
Further company coverage:  ADVN.SI 

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