MOG Digitech Revises Terms for Subsidiary Disposal
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MOG Holdings Limited (HK:1942) announced a revision in the terms for the disposal of equity interest in its subsidiaries. The total consideration has been reduced from RM22,000,000 to RM12,095,000, and the number of target companies decreased from 24 to 13. This decision aims to streamline operations and focus on a more concentrated portfolio, potentially affecting market positioning and stakeholder interests. MOG Digitech operates in the eyewear industry, managing subsidiaries specializing in optical products and services.
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