Upon the execution of the agreement, Asti shall pay $1 million as a refundable deposit.
Asti Holdings, has, on Feb 26, entered into a sale and purchase agreement (SPA) with Advanced Systems Automation Limited to acquire 100% of the shareholding interest in Emerald Precision Engineering, Yumei Technologies, Yumei REIT and Pioneer Venture.
The acquisition consideration comprises a base consideration component of $12.5 million and an earn-out consideration component of $3 million.
