Advancer IFM is 100% owned by the company through Advancer Global Security and is engaged in general cleaning, pest control and landscape services, while Advancer Smart Technology is currently 85% held by Advancer Global Facility and is focused on data analytics and the wholesale of electronic components.
Advancer Global (SGX:43Q
) has announced the proposed spin-off of its subsidiaries Advancer IFM and Advancer Smart Technology on the Nasdaq stock market.
On Dec 19, the company said in a bourse filing that it had consulted with Singapore Exchange (SGX:S68) Securities Trading (SGX-ST) and received no objections to its plans.
