AURES Technologies (FR:ALAUR) has released an update.
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Advantech has acquired a significant shareholding in AURES Technologies following the purchase of shares from founder Patrick Cathala and the subscription of a €2.5 million convertible bond tranche. This move triggers a mandatory public tender offer for the remaining AURES shares at €6.31 each. AURES’s board has undergone changes, with new directors from Advantech and the appointment of Ming Chih Chiang as the new Chairman and CEO.
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