SINGAPORE (AFX-ASIA) – Federal International has applied to buy 1.25 million new Technics Group shares at the IPO price of S$0.22 each. (US$1=S$1.78). The shares represent 5% of the 25 million new shares Technics is selling through the IPO. “We are pleased to take a stake in Technics. Both companies have core competencies and strengths…