Stokes Limited (ASX:SKS) has entered into a binding agreement to acquire a revenue-generating audio visual and telecommunications product business for $330,000 and stock.
The business being acquired has been trading for over 29 years, has revenues of approximately $1.5 million and is currently at break even.
It will give Stokes access to a broader products range and additional customer base that will then be expanded utilising the additional resources of the company.
Last month, the company sold its appliance parts division for $5 million in a transaction that marked its transformation from old world manufacturer to new world technology enterprise.
Stokes Limited (ASX:SKS) has entered into a binding agreement to...
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Last
$2.25 |
Change
0.000(0.00%) |
Mkt cap ! $254.4M | |||
| Open | High | Low | Value | Volume |
| $2.23 | $2.31 | $2.19 | $1.350M | 599.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2500 | $2.20 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.25 | 3404 | 1 |
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| Last trade - 16.10pm 29/07/2025 (20 minute delay) ? |
| SKS (ASX) Chart |