Broadway Industrial explains that after BIGL Beijing’s investment in Beijing Ant Brothers Technology Co in January 2020, the robotics business was faced with severe impacts caused by the unprecedented Covid-19 pandemic and worsening of global economy market conditions.
Broadway Industrial Group (SGX:B69
) has announced the proposed disposal of its wholly-owned subsidiary BIGL Enterprise Management (Beijing) for a purchase consideration of $100,000.
On Dec 19, the company said that it had entered into a share purchase agreement with Beijing PiLuoYu Medical Technology for the entire issued share capital of BIGL Beijing.
