Yinda Infocomm enter into term sheet to acquire Austrian tech business

Felicia Tan
Felicia Tan7/6/2021 12:29 AM GMT+08  • 5 min read
Yinda Infocomm enter into term sheet to acquire Austrian tech business
Shares in Yinda Infocomm last traded at 29.5 cents on July 4, following a trading halt on the morning of July 5.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

Yinda Infocomm has entered into a term sheet with The Institute of Machine Learning GmbH (IML) on July 5, along with IML’s founders, Adam Hegedüs and Roland Trimmel.

Under the term sheet, Hegedüs and Trimmel will incorporate a company in Singapore. Following this, Yinda Infocomm will then subscribe to new shares in the new company (newco).

The newco will acquire the business from IML, where Yinda Infocomm will provide the newco with a convertible loan.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now