Restructured Beyonics seeking investment opportunities

Singapore

THREE years after loss-making local contract manufacturer Beyonics Technology was acquired by private equity firm Shaw Kwei & Partners, it is now profitable for its financial year ended Dec 31, 2014, has no debt, and is looking for investment opportunities.

In the restructuring process, Beyonics notably ended in 2014 a long-standing relationship with hard disk drive firm Seagate to make components for it.

"There was huge volume but we made no money. It tied up a lot of time and working capital," Shaw Kwei's managing director Kyle …