<div id="readability-page-1">The sale is subject to a minimum adjusted net asset value and shareholder approval.AcroMeta Group Limited has entered into a binding term sheet with an independent third-party buyer for the proposed sale of 100% of the issued share capital of its wholly owned subsidiary, Acro Harvest Engineering Pte. Ltd. (ACH), for an indicative cash consideration of $1.4m.Completion is conditional on Acro Harvest Engineering meeting a minimum adjusted net asset value of $1.0m, including cash and cash equivalents of at least $300,000, as well as the execution of definitive agreements and shareholders’ approval, according to a filing.</div>

AcroMeta Group Limited has signed a binding term sheet to sell its subsidiary, Acro Harvest Engineering Pte. Ltd., for $1.4 million. The sale is contingent upon the subsidiary achieving a minimum adjusted net asset value of $1 million, including at least $300,000 in cash, and requires shareholder approval and the execution of definitive agreements.

AcroMeta enters $1.4m binding deal to sell engineering subsidiary