May 23, 2017 / 3:32 PM / 3 months ago

BRIEF-Addvalue Technologies clarifies on DBS analyst report

May 23 (Reuters) - Addvalue Technologies Ltd

* Wishes to clarify that, from 2014 to 2016, group had received a grant of a significant sum

* Received grant from office for space technology and industry of economic development board of singapore to help defray group's research and development costs

* Coupled with fresh funds, group is expected to have adequate funding to cover its ongoing research and development expenditure for at least new 4-year grant period Source text for Eikon: Further company coverage:

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