Ellipsiz sells probe card business for S$88.3m

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.

This comes as the company also announced a 6.5 Singapore cent dividend payout after reporting a net profit of S$8.5 million for …