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CIMB marks Sunningdale Tech as takeover target

Precision manufacturer had full-year sales of S$674m, gross margin of 13.5 per cent and net profit of S$42m

Singapore

SUNNINGDALE Tech could be the next precision manufacturer to draw a buyout bid because of its global reach and market share, CIMB said in a research report on Monday.

Analyst William Tng, noting that plastic injection-moulding peer Chosen Holdings and metal-stamping

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