The acquisition is expected to be completed in 3QFY2022 ending September, following which Excelpoint will be delisted from SGX, according to its offer document.
CGS-CIMB Research analysts William Tng and Izabella Tan see encouraging signs coming with Excelpoint’s acquisition by WT Microelectronics, as noted in a June 28 unrated research report.
Excelpoint announced on April 13 that WT Semiconductor Holdings, a wholly-owned subsidiary of WT Microelectronics, will acquire 100% of issued ordinary shares of Excelpoint through a scheme of arrangement.
