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Ellipsiz sells probe card business for S$88.3m
The sale will raise the company's cash hoard to over S$130m - above its market cap of S$111m
Published Mon, Aug 21, 2017 · 09:50 PM
Singapore
IN A move that will significantly boost its cash reserves, mainboard-listed probe card company Ellipsiz announced on Monday the sale of its probe card business to a Japanese buyer for some S$88.3 million.
The proposed sale of of SV Probe will increase the company's cash hoard to over S$130 million - a figure that is larger than its current market cap of S$111.14 million, raising the possibility of acquisitions and special payouts to shareholders.
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