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International Biometrics strikes deal with SGX-listed Yinda Infocomm
 

AEI Legal advised tech group International Biometrics on a deal with SGX-listed Yinda Infocomm that values the International Biometrics group at S$69 million. The biometrics sector has seen accelerated growth trajectories recently, in part due to the COVID-19 pandemic.

Yinda Infocomm’s acquisition of a 51% stake was for a consideration mix of 143,333,000 ordinary Yinda shares issued at S$0.15 per share, and S$13.5 million cash, paid in 2 tranches.

Read more on NextInsight:
YINDA INFOCOMM: Signs deals to enter biometrics industry (nextinsight.net)

AEI lawyers Andrea Chee, Zhitian Law & Yuho Bong advised International Biometrics.

 
DealsAndrea Cheem&a, sgx, tech, biometrics