MAINBOARD-LISTED Broadway Industrial Group has inked a conditional sale and purchase agreement to sell its entire business of manufacturing actuator arms and related parts for US$50 million.

SHARES of Broadway Industrial hit a near 3.5-year high on Tuesday after the precision manufacturer announced it received a US$50 million offer for its hard disk business from the largest production outfit of the Seksun group of companies.

PRECISION manufacturer Broadway Industrial Group has received a binding letter of intent (LOI) from Seksun Technology (Suzhou) Co, which is offering US$50 million to buy the former's hard disk drive business.

PRECISION manufacturer Broadway Industrial Group has received a binding letter of intent (LOI) from Seksun Technology (Suzhou) Co, which is offering US$50 million to buy the former's hard disk drive business.

THE following companies saw new developments that may affect trading of their securities on Tuesday.

BROADWAY Industrial Group is still negotiating with a potential buyer of its hard disk drive business, after receiving a draft binding letter of intent from the potential buyer on Nov 17, it said in a bourse filing late on Sunday.

BROADWAY Industrial Group is still negotiating with a potential buyer of its hard disk drive business, after receiving a draft binding letter of intent from the potential buyer on Nov 17, it said in a bourse filing late on Sunday.

BROADWAY Industrial Group on Nov 17 received a draft binding letter of intent from a potential buyer to acquire its hard disk drive business.

SHARES of Broadway Industrial Group surged 24.5 per cent on Friday after the company announced it has taken another step in its plan to dispose of its hard disk drive business.

SHARES of Broadway Industrial Group advanced 17.3 per cent on Friday after the market opened, following the company's proposal to dispose of its hard-disk business.