Brief: Axington Inc To Acquire Entire Stake In Achieva Technology Sdn. Bhd.
Sept 2 (Reuters) - Axington Inc AXIN.SI :
* ENTERED INTO A CONDITIONAL SALE AND PURCHASE AGREEMENT
WITH
SERIAL I-TECH (FAR EAST) PTE. LTD.
* UNDER AGREEMENT, CO TO ACQUIRE ENTIRE STAKE IN ACHIEVA
TECHNOLOGY SDN. BHD.
* DEAL VALUE SHALL BE LOWER OF S$27 MILLION OR INDEPENDENT
VALUATION OF ACHIEVA TO BE COMMISSIONED
Source text for Eikon: ID:nSN40t4Gc
Further company coverage: AXIN.SI
((Reuters.Briefs@thomsonreuters.com;))
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