Singapore-listed Interplex Holdings Ltd, a precision engineering company backed by CVC Capital Partners and the private equity arm of Standard Chartered, is set to unveil a takeover offer from a regional investment fund as early as Wednesday, a person with knowledge of the matter said.
The source declined to be identified because the matter remained confidential. A company spokeswoman declined to comment.
Interplex shares were halted earlier in the day. The company has a market value of S$388 million ($276 million).
Reuters data shows that CVC Capital Partners-backed Metcomp Group Holdings owns about 28 percent of Interplex, while Standard Chartered Private Equity holds nearly 30 percent of the company.
If you do not receive this within five minutes, please try and sign in again. If the problem persists, please
email: subscriptions@peimedia.com.