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.