Spindex was incorporated in 1987 and listed on the then Sesdaq in Nov 1998, and was upgraded to the mainboard in April 2001.
The investors offering to delist Spindex have announced that they will not increase the scheme consideration of $1.43 in cash for each share.
Skyline II, which is a vehicle backed by private equity firm PrimeMovers Equity, have partnered with Spindex’s chairman Tan Choo Pie and his son, managing director Tan Heok Ting to take the company private on Sept 26.
