Venture subsidiary sells entire Acumen stake

The aggregate cash consideration was around S$5.9 million.

Venture Corporation Limited announced that its wholly-owned subsidiary Univac Precision Engineering Pte Ltd has disposed its entire equity interest of 42.7% in Acumen Engineering Pte Ltd for an aggregate cash consideration of S$5,867,208.72 to Ravago Distribution SA.

Consequent to the disposal, Acumen ceased to be an indirect associate of Venture.

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