Incorporated in 1987, Spindex was first listed on the then-Sesdaq in Nov 1998 before it was upgraded to the mainboard in April 2001. The company mainly serves clients in imaging and printing, machinery and automotive systems as well as consumer-related products. Spindex has manufacturing operations in Singapore, Malaysia, China and Vietnam.
Precision engineering manufacturer Spindex Industries says a Jan 8 court hearing has been scheduled to sanction the proposed acquisition of the company by PrimeMovers Equity-backed vehicle Skyline II.
In an earlier bourse filing on Dec 18, Spindex says the scheme resolution was passed by 80% of shareholders who were present and voting. Skyline II is acquiring the company at $1.43 per share in cash, valuing Spindex at $165 million.
