Jasch Industries update on its wholly owned subsidiary - Jasch North America Co.

Jasch Industries announced that Jasch North America Co. (JNAC - the foreign wholly owned subsidiary of the Company) is in the process of transferring its entire shareholding in Indev Gauging Systems Inc. (a wholly owned subsidiary of JNAC) to a USA-based entity, pursuant to an agreement entered into between JNAC and the aforesaid entity.

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