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Singapore's Interplex Holdings to announce takeover offer: source

Wednesday, December 23, 2015 - 17:50

[SINGAPORE] Singapore-listed Interplex Holdings Ltd, a precision engineering company backed by CVC Capital Partners and the private equity arm of Standard Chartered, is set to unveil a takeover offer from a regional investment fund as early as Wednesday, a person with knowledge of the matter said.

The source declined to be identified because the matter remained confidential. A company spokeswoman declined to comment.

Interplex shares were halted earlier in the day. The company has a market value of S$388 million.

Reuters data shows that CVC Capital Partners-backed Metcomp Group Holdings owns about 28 per cent of Interplex, while Standard Chartered Private Equity holds nearly 30 per cent of the company.

REUTERS