Micro Technologies lists on the Singapore Exchange

Mumbai, Aug 6 (UNI) Software solutions major Micro Technologies India Ltd today announced the listing of the company on the Singapore Exchange for its Foreign Currency Convertible Bonds (FCCB).

The company will also launch itself and enter the Asian market through the Singapore Exchange Limited (SGX), which is Asia Pacific's first demutalised and integrated securities and derivatives exchange.

Micro Technologies chairman and managing director Dr P Shekar said ''The listing on Singapore is a significant step forward as it represents the success of bringing the technology-based security products platform from India to other Asian countries.'' The company will use the FCCB funds worth Rs 60 crore for extensive marketing operations of Micro products into US market. It has also entered into a strategic agreement with TWI International PTY Ltd to market micro VBB to South Africa.

Micro Technologies is a leading provider of a range of security devices, life support systems and web-based software solutions to the global audience.

UNI