Incorporated in China, Seksun Technology Co's core competencies are in precision metal stamping. The company serves customers from the hard disk drives, consumer electronics, automotive and telecommunication industries.
It is the largest production outfit of Seksun's group of companies - a metal stamping specialist with manufacturing operations in Singapore, Thailand and China. Under the LOI, which Broadway Industrial received on Monday, the potential buyer plans to acquire substantially all assets used in Broadway Industrial's actuator arm and related parts manufacturing operations, the group said in a bourse filing on Tuesday morning.
These are the assets and properties owned by BIGL Technologies Co, excluding the land and buildings situated at Pingshan Street in Shenzhen and covered under Shenzhen Title Certificate No 0227103. The target assets also include any mutually agreed properties or assets between the parties.