Stratech to receive funds from controlling shareholders, plans to propose scheme of arrangement

SINGAPORE (Jan 19): The controlling shareholders of Stratech Group have received funding via the refinancing of their personal property from investment fund manager, Boulevard Capital Partner.

For the full year to March 31, 2017, the company, which designs and manufactures intelligent vision systems, posted a loss of $11.8 million, widening from the loss of $9.6 million the previous year.

Stratech has been suspended from trading since August last year over loan defaults, payroll including amounts due for Central Provident Fund contributions.

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