Excelpoint Technology to delist on Sep 19

MAINBOARD-LISTED electronics component distributor Excelpoint Technology will delist on Sep 19, as acquisition of the company has been completed.

In a regulatory filing on Thursday (Sep 15), Excelpoint Technology said that the scheme of arrangement that effected the acquisition by WT Semiconductor Holdings had taken effect on Sep 6 and payment made to shareholders on Sep 15.

Albert Phuay founded the firm, which was listed in 2004. He would, post acquisition, invest for a 20 per cent stake in WT Semiconductor Holdings, and remain as the CEO of Excelpoint Technology, according to an earlier statement.