Interplex's takeover: Baring gets 90.85% valid acceptances

THE private equity firm that is taking metal stamper Interplex Holdings (formerly Amtek Engineering) private has received valid acceptances amounting to 90.85 per cent of the issued share capital of Interplex as at April 20, 2016.

As a result, Baring Asia Private Equity's investment vehicle Slater Pte Ltd will, in due course, exercise its right of compulsory acquisition to acquire all the shares from shareholders who have not accepted the offer at a S$0.82 in cash apiece, which is also the offer price.

Interplex will subsequently be delisted from Singapore Exchange.