WE Holdings

WE Holdings: Annouced last week that it is acquiring four S’pore and Malaysian companies, involved in the supply and testing of PCBs, electronics scrap trading, and wholesale of electronics systems and test equipment for US$7.6m. The acquisitions will be funded by a mix of cash and issuance of new shares. The move is in line with the group’s plan to achieve economies of scale for its electronic and component business. Post-acquisition, proforma FY13 NTA will drop from US0.74¢ to US0.62¢ but loss per share will narrow from US0.88¢ to US0.75¢.