In their separate but related announcements, Serial System says it plans to sell Achieva Technology to Axington for not more than $27 million.
Serial System plans to sell a subsidiary into Axington Inc via a reverse takeover deal, which, if completed, will give group CEO Derek Goh control of another listed entity.
The deal, announced on Sept, 2 is Axington’s third known RTO attempt in just over a year to put behind its cash company status.
