The agreement was signed by 5Digital, Metal Component Engineering’s fully-owned subsidiary.
Metal Component Engineering has signed a term sheet with PT Gaido Digital Medika (GDM), an Indonesian healthcare company, where the former will invest 7 billion rupiah ($0.66 million) in exchange for a 70% stake in GDM’s enlarged share capital.
The parties will be negotiating the terms and conditions of the term sheet with the intention to enter into a share purchase agreement (SPA) by Oct 30.
