Avi-Tech Holdings Terminates Proposed Investment in Create Technologies: Key Details for Investors

Summary of Key Developments

• Termination of Proposed Investment: Avi-Tech Holdings Limited has announced the formal termination of its proposed investment in Create Technologies Pte. Ltd., despite earlier receiving approval from the Singapore Exchange Securities Trading Limited (SGX-ST) for its shareholder circular.
• Reason for Termination: The decision follows a comprehensive review and reassessment of business developments and strategic direction since the initial signing of the subscription agreement. The Board concluded that discontinuing the transaction aligns with the best interests of both the Company and its shareholders.
• Termination Deed: On 23 April 2026, Avi-Tech and Create Technologies entered into a deed of termination, with both parties mutually agreeing to release each other from all obligations and liabilities associated with the proposed transaction.

Potentially Price-Sensitive Information for Shareholders

• Strategic Shift: The withdrawal from this investment signals a notable shift in Avi-Tech’s strategic direction and may influence investor sentiment regarding the company’s future growth plans and business focus.
• No Material Financial Impact: The Board has clarified that the termination is not expected to have any material impact on Avi-Tech’s net tangible assets or earnings per share for the current financial year. This is a crucial point for shareholders concerned about immediate financial repercussions.
• Future Strategic Moves: Avi-Tech has stated its intention to continue seeking other strategic opportunities that are in line with its long-term growth objectives. Investors should stay alert for future announcements that may outline new directions or deals.

Cautionary Statement to Investors

The Company has advised shareholders and potential investors to exercise caution when dealing in Avi-Tech’s shares, given the evolving strategic direction and potential for further announcements. Investors who are uncertain about the implications of this development are encouraged to consult their professional advisors.

Management Statement

The announcement was made by Lim Eng Hong, Chief Executive Officer and Executive Chairman, who reiterated the Board’s commitment to acting in the best interests of shareholders and the Company’s long-term growth.

Disclaimer: This article is provided for informational purposes only and does not constitute investment advice. Shareholders and potential investors should conduct their own due diligence and consult with professional advisors before making any investment decisions related to Avi-Tech Holdings Limited.

View Avi-Tech Hldg Historical chart here