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Koh Boon Hwee, Novo Tellus fund propose scheme to take Sunningdale private

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Published Mon, Nov 9, 2020 · 09:50 PM

Singapore

SUNNINGDALE Tech's chairman Koh Boon Hwee is teaming up with Novo Tellus PE Fund 2 to make an offer for the precision plastic components manufacturer at S$1.55 in cash per share via a scheme of arrangement. This proposed acquisition was announced on Monday evening.

Mr Koh's entity, Sunrise Technology Investment Holding II, and a subsidiary of Novo Tellus PE Fund 2 hold a 64 per cent and 36 per cent stake respectively in the offeror company.

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