Oct 4 (Reuters) - MTQ Corporation Ltd MTLS.SI
* Entered into a share sale agreement with Bapcor limited
* Pursuant to deal company has agreed to sell to purchaser entire issued and paid-up share capital of MTQ Engine Systems (Aust)
* Mtqes has an issued and paid-up capital of a$5 million comprising of 5 million ordinary shares of a$1 each
* Intends for net proceeds raised to be used for repayment of bank borrowings
* "estimated purchase price is approximately a$17.0 million"
* Estimated net proceeds from proposed disposal are approximately s$17.7 million Source text for Eikon: ID:nSNZ8WnqX3 Further company coverage: MTLS.SI