Addvalue: Seeks To Reward Shareholders With A Minimum 10% Distribution-In-Specie Via The Proposed Spin-Off & Listing Of Addvalue Solutions.

13 Jun 2018 09:53

The proposed spin-off by Addvalue Technologies Ltd of its wholly-owned subsidiary, Addvalue Solutions Pte Ltd, which houses and undertakes all the business relating to the Inter-satellite Data Relay System including the IDRS airtime business, via a distribution in specie of a portion of the shares of AVS currently held by the Company, through another wholly-owned subsidiary, to the shareholders of the Company so as to reward Shareholders proportionately with free AVS shares...

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