Strategy (M&A)- Bio-medical/ Technology/ Others

Strategy (M&A)- Bio-medical/ Technology/ Others: In the bio-medical space, OCBC believes that Biosensors could be a potential target, given that CB Medical Holdings Limited, which is part of CITIC Private Equity Funds Management, bought a 21.8% equity stake in Biosensors late last year at $1.05/share. In the tech space, OCBC understands that several of the smaller contract manufacturers have been looking for buyers for quite a while now. Some of these include Broadway Industrial and Sunningdale Technology. Elsewhere, the market is also rife with talk that PE firms such as KKR, Blackstone Group and Carlyle Group are keen to make an offer for Goodpack Limited. House note that this is not the first time Goodpack was suited – previously in 2008, Brambles and packaging company Loscam were apparently in talks to buy over the company but the deal did not materialize.