Recent dealmaking driving Allied Tech shares

Singapore

ALLIED Technologies was the most active stock on Friday, with more than 135 million shares changing hands.

A string of recent developments have fuelled market talk that the Catalist-listed maker of precision stamped metal parts could be looking to change out of its business of supplying printer and copier components to enter new business sectors.

These developments include a recent share placement which raised net proceeds of S$33.8 million for "business expansi…