Of this, $1,000 is attributable to Yinda Technology (Thailand) and $1 for Yinda Technology Singapore.
Totm Technologies is looking to divest two of its subsidiaries to Yinda – a company associated with its chairman - as it focuses on its biometrics solutions business.
The move comes as Totm, which used to go by the name of Yinda Infocomm, looks to move away from its “loss-making” telecommunications business through a package sale of Yinda Technology Singapore and Yinda Technology (Thailand) for a nominal sum of $1,001.
