Interplex: Unrated note by CIMB, citing the company is one of the world's largest precision engineering companies providing end-to-end design and manufacturing solutions for precision components, casing and enclosures.
The group provides high-precision metal/plastic components from tooling and stamping to cold forging and mechanical assembly. The acquisition of Interplex Industries Inc added smaller precision components capability.
On 23 Dec 2015, the Baring Asia Private Equity Fund VI’s investment vehicle (offeror) announced a pre-conditional voluntary general offer for Interplex Holdings at a cash offer price of $0.82 per share.
Major shareholders Metcomp Group Holdings and Standard Chartered private Equity Limited have irrevocably undertaken to tender all their shares of approximately 57.7% stake in Interplex to the offeror. The offeror has stated that it has no intention to preserve the listing status of Interplex.
No comments:
Post a Comment