Wednesday, February 26, 2014
Advance SCT
Advance SCT: made an update on the settlement of bulk sale claims and litigation claims that is expected to have a material positive impact on EPS and NTA of the group for FY14.
Also the group has proposed to sell its entire 100% equity interest in New Tsingyi , a metal recycling business for $1.5m.
This is in line with Adv SCT 's strategy to move up -stream and focus on manufacturing of copper ball and demolition works instead of dealing in recycling locally.
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