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Hot stock: Interplex Holdings' shares surge after takeover offer

Thursday, December 24, 2015 - 09:27

[SINGAPORE] Shares in Singapore-listed Interplex Holdings surged over 11 per cent at the start of trading on Thursday after a takeover offer from Baring Private Equity Asia.

Shares opened at S$0.79, the highest in over a month.

On Wednesday, Baring Private Equity Asia said it was looking to offer S$450 million to buy the engineering company, majority owned by CVC Capital Partners and the private equity arm of Standard Chartered.

REUTERS