Broadway Industrial Group Agrees to Make Partial Payment in Relation to Acquisition
MT Newswires
Oct 31, 2025
Broadway Industrial (SGX:B69) agreed to pay around 3.3 million yuan of deferred cash payment, according to a Friday filing with the Singapore Exchange.
The agreement is linked to the proposed acquisition of a 51% stake in Shenzhen Zhuoluoyu Precision Tool and ZLY Precision Tool (Thailand).
Meanwhile, the remaining deferred payment of around 6.7 million yuan, along with accrued interest of 840,000 yuan will be settled by the deferred cash payment date.
Other than that, all remaining provisions of the sale and purchase agreement remain unchanged.
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