Most recently, on Jan 12, Novo Tellus is investing $23.6 million for a 23.45 stake in another Singapore listed company, Grand Venture Technology, by taking up 71.5 million new shares at 33 cents each.
Loke Wai San, better known as the executive chairman of AEM Holdings, seems to be in an acquisitive mood, as he moves to take stakes in other companies within the broader electronics manufacturing sector.
Within just two months or so, Loke, who also manages the private equity firm Novo Tellus Capital Partners, is a party in two separate privatisation offers, first, of Sunningdale Tech and next, of CEI.
