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

OxPay Financial

15/12/2016 10:47

Dec 15 (Reuters) - Artivision Technologies Ltd  ARTT.SI  
    * 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:  ID:nSNZ45XRmm  
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