Alltronics Holdings (HK:0833) has released an update.
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Alltronics Holdings Limited has announced a memorandum of understanding for a potential acquisition of a 51% stake in a Vietnamese electronics manufacturing company, with a proposed investment of $2 million. The deal involves an interest-free loan and intends to establish a new Singapore-based holding company to facilitate the acquisition. The acquisition aims to be finalized within six months, enhancing Alltronics’ manufacturing presence in Vietnam.
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