Local software and technology development company Investia Technologies is seeking an ASX listing through a reverse takeover of Advanced Engine Components.
Malaga-based Advanced Engine Components (ACE) has been thrown a lifeline and will negotiate an extended repayment of a $3 million sales financing facility with 698 Capital Asia Pacific, a party related to ACE's major shareholder.
Shares in Advanced Engine Components have surged as much as 60 per cent after it signed a funding agreement with an Indian company for the development of engines for Tata Motors.
Advanced Engine Components Ltd has entered into a potential 10-year purchase deal with India's Tata Motors Ltd that is estimated to generate over $30 million in revenue over three years for the Malaga-based company.
Malaga-based Advanced Engine Components Ltd has secured a $2 million loan from a party related to a major shareholder to fund working capital requirements on the back of ongoing growth in sales demand.
Malaga-based Advanced Engine Component Ltd (ACE) has been awarded a $236,466 AusIndustry research and development grant, to develop components for natural gas vehicle engines that will help cut carbon emissions in the heavy vehicle industry.
Malaga-based Advanced Engine Components Ltd has announced its first commercial sales to First Auto Works in China with an order for more than $400,000. FAW's order is for AEC's natural gas vehicle system kits, which are to be delivered progressively over
Shares in Malaga-based Advanced Engine Components Ltd rose almost 8 per cent after announcing its first commercial sales to First Auto Works in China with an order in excess of $400,000.
YOUR correspondent Tim Treadgold has put forward some interesting hypotheses to explain the delay in getting AEC's prospectus over the line (Briefcase,
