Sgx Announcement on Valuation of Industrial Power Technology for Annica Holdings Ltd.
The valuation undertaken by AV CAPITAL of IPT dated 12 September 2012, as commissioned by the Annica Holdings and prepared by AV CAPITAL. Based on AV Capital’s analysis and findings as set out in the report, AV CAPITAL is of the opinion that the fair market value of Industrial Power for a 100% shareholding stake is in the range of S$12.67 million to $18.39 million as computed under the discounted cashflow method.
