Jubilee Industries Holdings had previously entered into a sale and purchase agreement (SPA) with UPC Electronics to dispose of 14% of its stake in We Components for a consideration of US$2.1 million ($3.0 million) on June 21.
Catalist-listed Jubilee Industries Holdings, the 53.07%-owned subsidiary of Accrelist, has entered into a shareholders’ agreement (SHA) with UPC Electronics on Oct 11.
The SHA was made to govern the respective rights and obligations, and regulate the parties’ relationships in the conduct of the business and related affairs of We Components.
