Singapore

A COMPANY wants to acquire Excelpoint Technology for S$1.93 apiece in cash, valuing the mainboard-listed electronics component distributor at about S$232.2 million.

In a joint announcement by Excelpoint Technology and the offeror WT Semiconductor Holdings to the bourse on Wednesday (Apr 13), the parties said the offer price exceeds the net asset value per share of US$0.9046 as at end-December 2021, as well as the counter's closing prices in the past 10 years.