Smartflex's subsidiary, Smartflex Technology, has acquired 600,000 shares, representing a 30% equity stake in Smartflex Innovation for US$1.2 million ($1.7 million).
The acquisition was funded by internal resources, Smartflex says on Wednesday.
The shares in Smartflex Innovation areheld by SANsystems Sarl.
The transaction is not expected to have any material effect on the net tangible assets or earnings per share of the firm for FY2015.
Smartflex's shares closed flat at 24 cents.
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The acquisition was funded by internal resources, Smartflex says on Wednesday.
The shares in Smartflex Innovation areheld by SANsystems Sarl.
The transaction is not expected to have any material effect on the net tangible assets or earnings per share of the firm for FY2015.
Smartflex's shares closed flat at 24 cents.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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