Addvalue Technologies Secures Orders Worth Nearly $5 Million; Shares Plummet 8%

MT Newswires05-24

Addvalue Technologies Ltd (SGX:A31) booked a new contract for its advanced digital radio-related business and supply of IDRS terminals worth nearly $5 million, a filing with the Singapore Exchange said on Thursday.

The new contract includes the provision of proprietary software and modules worth $3.7 million and IDRS terminals and engineering services worth $1.7 million.

The company did not disclose further details about the new contract and the new order due to non-disclosure obligations.

The groupâs order book now stands at $8.9 million.

Shares of the company plunged nearly 8% in recent trading.

Price (SGD): S$0.01, Change: S$, Percent Change: -8.33%

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