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Proccuri receives bid for parts of its business

Chan Chao Peh
Chan Chao Peh • 1 min read
Proccuri receives bid for parts of its business
SINGAPORE (Nov 5): Procurri Corporation, which trades used IT equipment, has received an unsolicited, nonbinding Letter of Intent from a third party to acquire some of the assets of its business.
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SINGAPORE (Nov 5): Procurri Corporation, which trades used IT equipment, has received an unsolicited, nonbinding Letter of Intent from a third party to acquire some of the assets of its business.

No definitive agreements have been entered into and there is no certainty that the deal will go through, said the company in an SGX announcement on Nov 5.

“Shareholders should note that the Board is still formulating a response with respect to the possible transaction,” said chairman and CEO Sean Murphy.

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