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Boldtek to divest wholly-owned subsidiary to Malaysian businessman

Felicia Tan
Felicia Tan • 3 min read
Boldtek to divest wholly-owned subsidiary to Malaysian businessman
The consideration to be paid for Logistics Construction will be a “fair” number to be agreed between Boldtek and the purchaser group. Photo: Boldtek
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Boldtek has entered into a non-binding term sheet with Ee Chin Keong to divest its wholly-owned subsidiary, Logistics Construction on Nov 16.

Ee is a businessman from Malaysia who is construction and material handling equipment industry. His businesses are mainly involved in steel fabrication engineering works, mechanical and electrical engineering works, custom-made overhead crane, gantry crane, goods hoist, scissor lifter, service and maintenance of lifting equipment.

According to Boldtek, Ee is interested in investing in a Singapore-based construction company with a construction license that is able to bid for large scale projects.

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