Jubilee Industries to unlock remaining shareholding in its Electronics Business Unit for S$21.4M
- UPC Electronics Pte. Ltd. to acquire remaining 86% in Jubilee's Electronics Business Unit (EBU).- The Consideration of US$15.9m (S$21.4m) exceeds Jubilee's current market cap of S$17.6m (21 March 2023), reflecting the deep value to be unlocked through the Proposed Disposal.- Upon completion of the disposal in Jubilee's EBU, Group Net Tangible Assets (NTA) per share will increase to S$0.1830, reflecting Jubilee's deep value relative to its volume weighted av. price of S$0.056 (21 March 2023). SINGAPORE, Mar 23, 2023 - (ACN Newswire) - Catalist-listed Jubilee Industries Holdings Ltd has entere...