MFS Singapore and Ruwel end alliance
Dec 05, 2005
The Board of Directors of flex manufacturer MFS Technology Ltd. announced that its subsidiary, MFS Singapore ("MFSS") has terminated the strategic alliance with Ruwel AG entered into under the protocol agreement dated 25 August 1997 and subsequent addendum dated 25th March 1999.
As of 30 September 2005, the total sales to Ruwel were 0.01% of the Group's turnover. The termination will have no significant impact on the earnings per share and net tangible asset per share of the Group.