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Totm Technologies looks to exit telecommunications business by selling two subsidiaries for $1,001

Amala Balakrishner
Amala Balakrishner12/10/2021 10:45 PM GMT+08  • 2 min read
Totm Technologies looks to exit telecommunications business by selling two subsidiaries for $1,001
The disposal of Yinda Technology Singapore and Yinda Technology (Thailand) is through a package sale for a nominal sum of $1,001.
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Totm Technologies is looking to divest two of its subsidiaries to Yinda – a company associated with its chairman - as it focuses on its biometrics solutions business.

The move comes as Totm, which used to go by the name of Yinda Infocomm, looks to move away from its “loss-making” telecommunications business through a package sale of Yinda Technology Singapore and Yinda Technology (Thailand) for a nominal sum of $1,001.

Of this, $1,000 is attributable to Yinda Technology (Thailand) and $1 for Yinda Technology Singapore.

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