Baring PE Asia offer for Interplex goes unconditional
Its bid adds to a growing list of delisting bids in recent months
Singapore
A PRIVATE equity fund's S$450 million offer for precision engineering firm Interplex Holdings has gone unconditional, though the fund may still has some way to go before it can achieve its goal of taking Interplex private.
Baring Private Equity Asia controlled 65.73 per cent of Interplex at the end of Thursday, it said in a Singapore Exchange filing on Friday, adding that the fund plans to seek a voluntary delisting of the company if it and its concert parties control 75 per cent or more of Interplex - or another level that Baring "deems sufficient" - by the close of the offer.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
S&P slashes Boeing credit outlook as rating hovers above junk status
Honda to spend US$11 billion on EV strategy in Canada
GlaxoSmithKline sues Pfizer and BioNTech over Covid-19 vaccine technology
Mapletree Industrial Trust Q4 DPU rises 0.9% to S$0.0336
Nasdaq’s profit falls as shaky economy keeps IPO revival elusive
iFast Q1 net profit surges on ePension unit performance