Excelpoint Technology in talks with third party on potential share transaction
EXCELPOINT Technology BDF : BDF 0%is in talks with a third party on a potential transaction involving the company's shares, the electronics component distributor said in a bourse filing on Friday (Mar 25) night.
Addressing the recent price movements of its shares on the Singapore Exchange, the mainboard-listed company said discussions are ongoing with the unnamed third party.
However, it added that there is "no certainty or assurance that such discussions will progress beyond the current stage or that any transaction will materialise as a result of such discussions".
Excelpoint said it will make further announcements should there be any material developments which warrant disclosure.
Shares of Excelpoint closed S$0.01 or 0.6 per cent higher at S$1.59 on Friday before the announcement.
GET BT IN YOUR INBOX DAILY
Start and end each day with the latest news stories and analyses delivered straight to your inbox.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Hotel Properties prices 5-year notes at 5.1%
Apple to hold launch event on May 7, with new iPads expected
OUE Reit obtains S$600 million unsecured sustainability-linked loan
US: Wall St opens higher as more earnings roll in
GE Aerospace raises earnings goal on strong engine sales
BRC Asia to buy 19.9% of steel reinforcement company for S$16 million