The subsidiaries are Advanced CAE Pte Ltd in Singapore, known in the agreement as CAE SG, and Advanced CAE Limited in China, known in the agreement as CAE CN.
Engineering services company Advanced Holdings have announced that it plans to dispose of two of its subsidiaries for a total of $13.8 million.
On Oct 14, the company announced it has entered into two non-binding term sheets to dispose of the two subsidiaries.
