SINGAPORE (Nov 5): Procurri Corporation, which trades used IT equipment, has received an unsolicited, nonbinding Letter of Intent from a third party to acquire some of the assets of its business.

No definitive agreements have been entered into and there is no certainty that the deal will go through, said the company in an SGX announcement on Nov 5.

“Shareholders should note that the Board is still formulating a response with respect to the possible transaction,” said chairman and CEO Sean Murphy.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook