for S$14.8 million in cash. In a filing on Thursday night, Nordic said it had entered into a sale and purchase agreement with the vendor, and the acquisition was completed on the same day. Accordingly, Envipure has become a wholly-owned subsidiary of the group. Shares in Nordic closed unchanged at 27 Singapore cents on Wednesday.It has proposed a share placement of up to 110.8 million new shares at S$0.0388 apiece to raise some S$4.2 million for working capital requirements.
83 per cent to the volume weighted average price of S$0.0412 per share, based on trades done on Nov 18. The group on Friday requested to lift its trading halt. It last traded at 4.3 Singapore cents on Monday.The mainboard-listed firm has partnered with Inmarsat and Network Innovations to launch an IP-based broadband terminal and vessel monitoring system for US fishing vessels. Shares of Addvalue, which designs and develops communications technologies, closed down S$0.001 or 4 per cent to S$0.
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