United Engineers (UE) is divesting the assets and liabilities of MFS Technology, its subsidiary that deals with the manufacturing of circuit boards and precision parts. The company will be divesting MFS to Navis Capital for $124 million. UE owns a 57% stake on MFS through its 67.6%-owned indirect subsidiary WBL Corporation and its wholly-owned subsidiary UES Holdings.
Thursday, August 7, 2014
United Engineers to divest assets and liabilities of MFS Technology
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