Addvalue Tech

Addvalue Tech: Provided insight for its $330m deal announced 25 Mar; The value of the deal- an incredible premium of 1883% over NAV, was derived as the group was one of the only two authorized global developers-cum-suppliers and the only one residing in Asia, for: i) land and maritime Inmarsat Broadband Global Area Network (BGAN) satellite terminals; ii) Thuraya-centric maritime satellite terminal. The Company believes that its technology is attractive to players who are interested in expanding into the field of high-end sophisticated digital broadband satellite communications. Hence, the disposal value of $330m.