MT Newswires07-23
ISDN (SGX:I07) subsidiary, PT Leaptron Engineering, was liquidated, according to a Wednesday filing with the Singapore Exchange.
Shares of the industrial automation company were down nearly 4% in Thursday trading.
The subsidiary was established to support the potential expansion of the company's automation business in Indonesia. However, the company decided to seek opportunities elsewhere.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
