pstrongLack of profitability prompted the sale./strong/p pa href="https://sbr.com.sg/manufacturing/news/aem-holdings-net-profit-drops-23m-in-1q24" target="_blank" rel="noreferrer noopener nofollow"AEM Holdings/a unit AEM Singapore Pte. Ltd sold 470,504 common shares and 994,220 preferred shares in South Korean company ATECO for $6.8m.
unit AEM Singapore Pte. Ltd sold 470,504 common shares and 994,220 preferred shares in South Korean company ATECO for $6.8m.
The buyer will settle the amount via wire transfer of immediately available funds to AEM’s account. The closing of the sale and purchase shall take place within 10 business days.
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