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ASTI disposes specific subsidiaries for $90 mil, plus $38 mil in dividends

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ASTI disposes specific subsidiaries for $90 mil, plus $38 mil in dividends

Samantha Chiew Published on Mon, Apr 02, 2018 / 8:08 AM GMT+8

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SINGAPORE (Apr 2): ASTI Holdings is disposing several of its subsidiaries, collectively known as STI Group, to Shanghai Pudong Science and Technology Investment (PDSTI) for $90 million.

See: ASTI to dispose several subsidiaries for $100 mil

In addition, $38 million in dividends will be declared to ASTI in accordance with the terms and conditions in the sale and purchase agreement.

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