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The latest announcement is out from Inventis Limited ( (AU:IVT) ).
Inventis Limited has executed a Business Sale Agreement to sell its Electronic Circuit Designs division to ANT Software for A$2.4 million. The divestment is part of Inventis’ strategy to free up capital to address debt and statutory liabilities, with the option to repurchase the business in a year as part of its long-term growth strategy.
More about Inventis Limited
Inventis Limited operates in the electronics industry, focusing on design-for-manufacture electronics, particularly elevator control boards. The company aims to address debt and statutory liabilities while pursuing long-term growth strategies.
Average Trading Volume: 62,380
Technical Sentiment Signal: Sell
Current Market Cap: A$1.15M
For an in-depth examination of IVT stock, go to TipRanks’ Overview page.