The equity transfer agreement will also see the waiver and transfer of some RMB30.7 million of debt owed by MCE Suzhou to MCE Holdings and other members of the group to Jiangsu TNS. It will also see the waiver of RMB305,589 of debt owed to MCE Suzhou by some members of the group.
Meta Health Limited has disposed of MCE Technologies (Suzhou) or MCE Suzhou, its Suzhou metal business, to Jiangsu TNS Industry Science & Technology for a cash consideration of RMB17.2 million ($3.3 million).
MCE Technologies, a wholly-owned subsidiary of Meta Health (SGX:5DX
) , had entered into an equity transfer agreement with Jiangsu TNS on Nov 20. MCE Suzhou is a wholly-owned subsidiary of MCE Technologies.
