Citing a valuation by Chay Corporate Advisory, UB Technology, as at Sept 30 2022, is valued at $11.1 million and $11.9 million, with a base value of $11.5 million.
Gold miner Shen Yao Holdings plans to diversify into logistics by taking the majority stake in a company that provides parcel locker systems.
Shen Yao plans to raise $5.1 million by placing out new shares to third-party investors and then acquire a 51% stake in UB Technology, the target, in cash.
