Pricol’s board finalized the details to transfer its driver information and connected vehicle solutions division to Pricol Autotech, according to ScanX.
The approval advances the previously announced demerger by setting out the specifics of the transfer. Such board actions formalize the steps required to carry out a corporate spin-off.
The report documents the board’s decision on the arrangement. It reflects the implementation of Pricol’s restructuring plan.
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Sources:
https://scanx.trade/stock-market-news/companies/pricol-board-approves-demerger-of-dicvs-business-to-pricol-autotech/44100734