Smartflex Holdings mulls divestment of key subsidiaries for $26.1m

It will become a cash company if the deal pushes through.

Catalist-listed Smartflex Holdings has inked a non-binding term sheet with private equity fund Novo Tellus for the potential sale of its two subsidiaries.

The two subsidiaries, Smartflex Technology and Smartflex Innovation, might be sold for up to $26.1 million if the deal pushes through.

If the disposal pushes through, Smartflex will cease to have any operating subsidiaries or businesses and will become a cash company under Catalist listing rules.

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