Memstar

Memstar: Announced that the counter will go Ex-Entitlement on 28 Mar in relation to the dividend in specie of shares in United Envirotech (UEL), as well as the capital reduction, subjected that creditors do not file any objections before 26 Mar. Memstar shareholders will receive 75 UEL shares for every 1000 Memstar shares, as well as 2.8¢/share from the capital reduction. Valuation wise, United Envirotech currently trades at a hefty 44.12 forward P/E, compared to peers HanKore's 23x (post-RTO) and SIIC's 30.1x.