MTEC earlier this month received a voluntary conditional cash offer by M-Universe – a consortium led by its executive chairman Chuang Wen Fu – to privatise and delist.
SINGAPORE (May 29): CGS-CIMB Research says minority shareholders of Memtech International (MTEC) should take the cash offer of $1.35 per share, which the brokerage deems to be a “fair” offer price and an “attractive cash exit opportunity”.
“While we like MTEC for its material science expertise in liquid silicone rubber (LSR) and its diversified customer base, we think its near-term outlook could be weighed down by ongoing trade tensions and a global auto slowdown,” says analyst Ngoh Yi Sin.
