ISDN Holdings Clarifies Acquisition Details

ISDN Holdings Limited (SG:I07) has released an update.

ISDN Holdings Limited responds to the SGX RegCo’s queries concerning their intended acquisition, which will increase their shareholding in IDI Laser from 33.33% to 70% through their subsidiary, Motion Control Group Pte Ltd, for S$730,000. The transaction details include a purchase of ordinary shares and a subsequent subscription, with the impact on net profit being a negligible -0.4% compared to the group’s overall net profit.

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