Sarment Holding Limited Completes Sale of Its Traditional Distribution Business
Today’s announcement follows the Company’s Annual General and Special Meeting (the “Meeting”) where the shareholders of the Company voted to approve the Transaction. The closing of the Transaction was also approved as necessary by TSX Venture Exchange.
The Transaction significantly improves the Company’s balance sheet by reducing US$20.5 million of debt and also enables the Company to fully dedicate itself to accelerating its technology business, Kaddra,” said Quentin Chiarugi, Chief Executive Officer of SAIS.
Full details of the Transaction are set out in the management information circular dated July 29, 2019. A copy of the management information circular in connection with the Transaction can be found on SEDAR
About SAIS
Singapore-based SAIS is a provider of advanced technology solutions, business intelligence and supporting services. Across our units, we connect businesses with their customers through end-to-end intelligent solutions. A global leader in the development of Customer Experience Management (CEM) platforms, we are focused on utilising AI to create technology aimed at providing unique digital experiences, and crafted to foster ground-breaking client-customer relationships.
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