Sunningdale to acquire Anchorage Singapore Holdings

MAINBOARD-listed Sunningdale Tech Ltd has unveiled plans to fully acquire privately held Anchorage Singapore Holdings (ASH) for an enterprise value of US$80 million.

The buyout will create one of the largest precision plastics engineering companies with combined revenue of S$636 million, and manufacturing operations and sales offices spanning nine countries.

ASH is the ultimate holding company of First Engineering Limited (FEL), a manufacturer of precision plastic moulds and engineering components for the automotive, consumer information technology and healthcare (medical device) business segments.