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Broadway Industrial Group Limited ( (SG:B69) ) has shared an update.
Broadway Industrial Group Limited has announced an update regarding its proposed acquisition of a 51% equity interest in Shenzhen Zhuoluoyu Precision Tool Co., Ltd. and ZLY Precision Tool (Thailand) Co., Ltd. The parties involved have agreed to a payment structure involving an initial deferred cash payment of RMB3.3 million, with the remaining RMB6.7 million and accrued interest to be settled later. This acquisition is expected to strengthen Broadway Industrial’s market position in the precision tools industry, potentially offering enhanced value to stakeholders.
More about Broadway Industrial Group Limited
Broadway Industrial Group Limited is a company incorporated in Singapore, operating with its subsidiaries in the industrial sector. The company focuses on manufacturing precision tools, serving various markets with a primary emphasis on enhancing industrial processes through its products.
Technical Sentiment Signal: Buy
Current Market Cap: S$88.91M
Learn more about B69 stock on TipRanks’ Stock Analysis page.