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CIMB marks Sunningdale Tech as takeover target

Precision manufacturer had full-year sales of S$674m, gross margin of 13.5 per cent and net profit of S$42m

Published Tue, Mar 29, 2016 · 09:50 PM

Singapore

SUNNINGDALE Tech could be the next precision manufacturer to draw a buyout bid because of its global reach and market share, CIMB said in a research report on Monday.

Analyst William Tng, noting that plastic injection-moulding peer Chosen Holdings and metal-stamping specialist Interplex Holdings had both received takeover offers from private equity funds in 2015, said Sunningdale could be an attractive acquisition if the buyout trend continues.

"Sunningdale Tech's current revenue size, its global footprint and fragmented shareholding could pique private equity's unsolicited interest," said Mr Tng, who initiated his coverage of the company with a…

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