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Zecotek Photonics subsidiary sale to Wang Holding
2020-11-30 21:41 ET - Property Agreement
The TSX Venture Exchange has accepted for filing a share purchase agreement dated Aug. 31, 2020, between Zecotek Photonics Inc. and Wang Holding Corp. (WHC), pursuant to which WHC has agreed to purchase all of the issued and outstanding shares of the company's wholly owned subsidiary, Zecotek Photonics Singapore Pte. Ltd. (ZPS), for the consideration of $550,000 (U.S.) and releasing the company from its obligation to repay $5,983,000 to WHC previously provided to the company. The disposition was approved by the shareholders on Oct. 16, 2020.
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