Ellipsiz says controlling shareholder approached by third party for potential transaction

Ellipsiz's controlling shareholder Bevrian has been approached by a third party to explore a possible transaction which "may or may not" lead to an offer to acquire shares in Ellipsiz, said the company, which provides solutions to the semiconductor and electronics manufacturing industries.

"To date, discussions are at a preliminary stage and no definitive agreement has been entered into by the parties, and there is no certainty that any transaction will materialise in connection with the approach and/or offer being made," Ellipsiz stressed in a release to the Singapore Exchange on Tuesday.

It advised shareholders to exercise caution when dealing in its shares in the meanwhile.