Brief: Shen Yao Enters Into A Term Sheet With UB Technology Pte. Ltd.
13/03/2023 14:25
March 13 (Reuters) - Shen Yao Holdings Ltd SHEY.SI :
* ENTERED INTO A TERM SHEET WITH UB TECHNOLOGY PTE. LTD.
* TERM SHEET TO SUBSCRIBE FOR 51% OF ISSUED AND PAID-UP
EQUITY
SHARE CAPITAL OF UB TECHNOLOGY
* PURSUANT TO TERM SHEET CO TO SUBSCRIBE AGGREGATE 520,408
NEW
ORDINARY SHARES OF UB TECHNOLOGY FOR A CASH CONSIDERATION OF
S$5.1 MILLION
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Further company coverage: SHEY.SI
((Reuters.Briefs@thomsonreuters.com;))
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