Broadway Industrial Advances in Strategic Acquisition of Precision Tool Companies
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Broadway Industrial Group Limited (SG:B69) has announced its strategic acquisition of a 51% stake in Shenzhen Zhuoluoyu Precision Tool Co., Ltd. and ZLY Precision Tool (Thailand) Co., Ltd. The deal includes an initial deferred cash payment of RMB3.3 million, with an additional RMB6.7 million and interest to be paid later. This acquisition aims to enhance Broadway Industrial's position in the precision tools market, benefiting stakeholders. The company's current market cap is S$88.91M, and the technical sentiment signal is 'Buy.'
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