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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
Add BT as a preferred sourcePublished 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.
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