Friday, April 29, 2016

Nera Telecom discussing sale of payment unit

Nera Telecommunications says it is in an advanced stage of discussions for a possible sale of its payment solutions business.

However, no binding agreement has been reached and there is no assurance of a deal.

Nera Telecommunications was responding to a query from the Singapore Exchange on unusual trading in its shares on Thursday.

It also confirms its compliance with Singapore's listing rules.

Shares of Nera Telecommunications are down 4.48% at 64 cents.

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