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EQS-Ad-hoc News vom 04.09.2018

Adval Tech sells subsidiary in Thailand

Adval Tech sells subsidiary in Thailand

 

Niederwangen, September 4, 2018, 6.30 p.m. – The Adval Tech Group is selling its subsidiary in Thailand, Adval Tech (Thailand) Co. Ltd, to Sunningdale Tech Ltd, Singapore. The parties signed the sale and purchase agreement today, September 4, 2018. Adval Tech (Thailand) Co. Ltd produces plastic components, especially for the consumer goods industry, and currently employs about 80 people. In selling its subsidiary in Thailand, Adval Tech is continuing to implement its focusing strategy and concentrate on selected activities, especially in its main target market, the automotive industry.