Sunningdale tech

Sunningdale tech - NTA is at $0.34. Trailing P/E stands at 8.5x. Latest news on counter was this week where Sunningdale Tech has through the help of Chairman, Koh Boon Hwee, has roped in ‘Popiah King’ Sam Goi and Yarwood Engineering, to subscribe for 153m new shares (76.5m each) at $0.1633 each via private placement. The placement price represents a 10% discount to the weighted average price of $0.1814 and the new shares represent ~20% of the existing share capital and ~16.7% of the enlarged share capital of the company. Gross proceeds of ~$25.0m will be used for future M&A’s as well as for working capital. Investor interest in the stock may be revived, given that Sam Goi’s share purchases are typically closely followed by market watchers. Other SGX companies which Sam Goi has built stakes in include the likes of GSH, Yamada, Serial System, Etika, Super Group, Hanwell and JB Foods.