Link: https://links.sgx.com/1.0.0/corporate-announcements/0XTKO80E79ZM9QZT/b9c16522d5f2439d75503d6dfc7f9a7564a315e37562603168af2a062165f997

Summary:

• Tai Sin Electric Limited, through its wholly-owned subsidiary CAST Laboratories Pte Ltd (CLPL), has completed the disposal of its entire interest in Astar Laboratory Pte. Ltd.
• CLPL sold its 37.5% stake, comprising 357,916 ordinary shares.
• The shares were divested to RBG Scientific (SG) Pte. Ltd., an independent third party.
• The total cash consideration for the disposal was S$913,000.00, determined on a willing-buyer, willing-seller basis.
• Following the completion of the disposal, Astar Laboratory is no longer considered an associated company of CLPL.