The German-incorporated ZMK became a subsidiary of Advanced Holdings in 2015 when it acquired 85% of the issued and paid-up capital in ZMK. ZMK is in the business of developing and manufacturing customised special valves for the petrochemical industry.
SINGAPORE (June 5): Advanced Holdings has disposed of its entire 85% stake in ZMK Technologies (ZMK) for a total consideration of €1.4 million (S$2.1 million) on Thursday.
Following the completion of the disposal, ZMK will cease to be a subsidiary of Advanced Holdings.
