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Tag: Toronto Stock Exchange:FTG

Firan Technology Group Corporation (“FTG”) Announces the
Science

Firan Technology Group Corporation (“FTG”) Announces the

TORONTO, Nov. 17, 2022 (GLOBE NEWSWIRE) -- Firan Technology Group Corporation (TSX:FTG), announced it has entered into an agreement to acquire IMI, Inc. (“IMI”) based in Haverhill, Massachusetts, north of Boston. IMI is a manufacturer of specialty RF circuit boards focused on the aerospace and defense markets. The closing of the acquisition is subject to approval by the Committee on Foreign Investment in the United States (CFIUS) and other customary closing conditions. The companies will shortly apply for CFIUS approval. The closing of the transaction is expected to take place in the first quarter of fiscal 2023. FTG will acquire 100% of the common shares of IMI for cash consideration of approximately $2M CAD, subject to typical closing adjustments. The target company has had reporte...
Firan Technology Group Corporation Confirms Resignation of
Science

Firan Technology Group Corporation Confirms Resignation of

TORONTO, May 20, 2022 (GLOBE NEWSWIRE) -- Firan Technology Group Corporation (TSX: FTG) (“FTG” or the “Company”) today announced the acceptance of Mr. Kumail Gangjee’s resignation. After review, and unsuccessful attempts to meet the shareholders who withheld votes for Mr. Gangjee’s reappointment to the FTG Board of Directors this year, the Board reluctantly accepted Mr. Gangjee’s resignation in accordance with our Company policy which states that a director who fails to receive votes in favour of his or her election representing a majority of shares voted and withheld for election of the director will tender his or her resignation for consideration by the Corporate Governance Committee. Mr. Gangjee conducted himself professionally, ethically and with the foremost concerns of all t...