Sunningdale to acquire Anchorage Singapore Holdings
Target group has enterprise value of US$80m
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.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
TikTok tells advertisers: ‘We are not backing down’
EV automakers get reprieve in US tax credit rules
Nomura, Mizuho face losses on All Blue fund’s failed trades
Stablecoin Tether steps up monitoring in bid to combat illicit finance
HSBC asked by US$890 billion investor group to set energy goal
BHP’s biggest rivals sit on the sidelines of Anglo M&A drama