Under the term sheet, the cash consideration for this proposed divestment is $1.4 million, subject to a price adjustment based on the adjusted net asset value of ACH as at completion.
AcroMeta (SGX:43F
) announced that it has entered into a binding term sheet with an independent third-party buyer in relation to the proposed sale and purchase of 100% of the issued share capital of its wholly owned subsidiary, Acro Harvest Engineering (ACH).
AcroMeta explained that the proposed divestment will free up additional working capital for ongoing operations and future opportunities.
