EQTEC PLC (AIM:EQT) said it had received confirmation that the sale of the Weighbridge Road site in Deeside Industrial Park has gone through.
Under a settlement agreement with Logik, EQTEC will receive £2 million on completion within an agreed timetable.
Logik has provided written confirmation that the proposed purchase, funded by a global investment company, had taken place, EQTEC's statement added.
Completion of the purchase and receipt of funds by EQTEC now only remains conditional only upon the final legal execution of documentation.
The long stop date for completion has been set for 28 June 2024, with completion expected by the end of May.