MTQ Completes Disposal of Pemac

MT Newswires

2025/04/30

MTQ (SGX:M05) completed the disposal of Pemac to Sidi Investments for an aggregate net profit after tax of SG$179,098, according to a Tuesday filing with the Singapore Exchange.

The sale price was adjusted and increased to SG$5.7 million.

In an earlier filing, the company had entered into a sale and purchase agreement with Sidi Investment Holdings for the disposal of its subsidiary, Pemac, for an aggregate consideration of SG$5.5 million.

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