Amtek Eng Smaller IPO than expected launches a S$299m vs expected US$250m. The IPO consists of 200m shares at S$1.30 each (180m priv placement and 20m public tranche), mkt cap of co approx $706m. A 30m over-allotment option is exercised would bump up offer to 230m for $299m…
StanChart Private Equity and Metcomp Grp will each sell 85.3m, and cut their stakes from 44% to 28.3% each, assuming no over-allotment.Other significant shareholders include the CEO and CFO. Offer was from 24 Nov till today, and expected to trade on 1 Dec. The co makes computer and printer cases and parts for LCD TVs, was taken private 3 yrs ago at $1.10 with mkt cap S$552m.
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