Based on the company's share base of just over 387 million shares, the sale, if completed at this price, will net a gain of 15.3 cents per share.
Chasen's last traded share price was 4.7 cents, down 21.67% year to date, valuing the company at $17.1 million. As at Sept 30, its NTA per share was 16.8 cents.
"The Board wishes to emphasize that there is no certainty or assurance that any transaction will occur," the company says in a holding announcement on Dec 22.
Chasen, in the same announcement, has yet to provide details too on which are the subsidiaries that are part of the sale.
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For the most recent half-year ended Sept, Chasen reported earnings of $442,000, down 8% y-o-y. Revenue in the same period was down 7% y-o-y to $75.1 million.
On Sept 22, the company held the ground-breaking of a new facility in Singapore, which will cost $78 million.
With a gross floor area of 390,000 sq ft, including clean room space of 65,000 sq ft, the facility will be a new base to support its customers including those in the semiconductor industry.
More recently, on Nov 10, Chasen announced it won contracts worth $20.1 million in its 2QFY2024 ended Sept.
