PrimeMovers Equity-Backed Vehicle To Take Spindex Industries Private At S$1.43 A Share

SGX Filings09-27

Skyline II Pte. Ltd., an entity jointly owned by Hong Wei Holdings Ltd and Skyline I Pte. Ltd., on Sep, 26 2025 announced a definitive agreement to acquire Spindex Industries Limited (564.SI) for 1.43 million Singapore dollars in cash per share through a scheme of arrangement.

The offer, which will be voted on by independent shareholders (with Hong Wei abstaining), is subject to court and regulatory approvals and is expected to close in 1Q 2026.

Skyline I Pte. Ltd. is majority owned by PME I Holding Pte. Ltd., which is managed and controlled by Singapore-based private equity firm PrimeMovers Equity.

Spindex Industries is a precision engineering company with about 1.2 million square feet of manufacturing space across Singapore, Malaysia, China and Vietnam, supplying components to the automotive, consumer products, office automation, medical and semiconductor sectors.

CGS International Securities Singapore Pte. Ltd. is acting as sole financial adviser to the offeror, with Drew & Napier LLC and Ashurst ADTLaw providing legal advice.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1144502564?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-09-27 00:10","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1144502564","market":"sg","top_or_hot":-1,"title":"PrimeMovers Equity-Backed Vehicle To Take Spindex Industries Private At S$1.43 A Share","media":"SGX Filings","content":"<p>Skyline II Pte. Ltd., an entity jointly owned by Hong Wei Holdings Ltd and Skyline I Pte. Ltd., on Sep, 26 2025 announced a definitive agreement to acquire Spindex Industries Limited (564.SI) for 1.43 million Singapore dollars in cash per share through a scheme of arrangement.</p>\n<p>The offer, which will be voted on by independent shareholders (with Hong Wei abstaining), is subject to court and regulatory approvals and is expected to close in 1Q 2026.</p>\n<p>Skyline I Pte. Ltd. is majority owned by PME I Holding Pte. Ltd., which is managed and controlled by Singapore-based private equity firm PrimeMovers Equity.</p>\n<p>Spindex Industries is a precision engineering company with about 1.2 million square feet of manufacturing space across Singapore, Malaysia, China and Vietnam, supplying components to the automotive, consumer products, office automation, medical and semiconductor sectors.</p>\n<p>CGS International Securities Singapore Pte. Ltd. is acting as sole financial adviser to the offeror, with Drew & Napier LLC and Ashurst ADTLaw providing legal advice.</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>PrimeMovers Equity-Backed Vehicle To Take Spindex Industries Private At S$1.43 A Share</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPrimeMovers Equity-Backed Vehicle To Take Spindex Industries Private At S$1.43 A Share\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1083912268\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/57d1beae95c40ebe9f2698a436562e39);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">SGX Filings </p>\n<p class=\"h-time\">2025-09-27 00:10</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Skyline II Pte. Ltd., an entity jointly owned by Hong Wei Holdings Ltd and Skyline I Pte. Ltd., on Sep, 26 2025 announced a definitive agreement to acquire Spindex Industries Limited (564.SI) for 1.43 million Singapore dollars in cash per share through a scheme of arrangement.</p>\n<p>The offer, which will be voted on by independent shareholders (with Hong Wei abstaining), is subject to court and regulatory approvals and is expected to close in 1Q 2026.</p>\n<p>Skyline I Pte. Ltd. is majority owned by PME I Holding Pte. Ltd., which is managed and controlled by Singapore-based private equity firm PrimeMovers Equity.</p>\n<p>Spindex Industries is a precision engineering company with about 1.2 million square feet of manufacturing space across Singapore, Malaysia, China and Vietnam, supplying components to the automotive, consumer products, office automation, medical and semiconductor sectors.</p>\n<p>CGS International Securities Singapore Pte. Ltd. is acting as sole financial adviser to the offeror, with Drew & Napier LLC and Ashurst ADTLaw providing legal advice.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"564.SI","symbol_name":"事必得精密机械有限公司","start_time":0,"source_url":"","article_id":"1144502564","we_media_id":"1083912268","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1144502564","pubTimestamp":1758903006,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"SGX Filings","introduction":"Fastest News on SGX Filings ","home_visible":1,"id":"1083912268","head_image":"https://community-static.tradeup.com/news/57d1beae95c40ebe9f2698a436562e39"},"summary":"Skyline II Pte. Ltd., an entity jointly owned by Hong Wei Holdings Ltd and Skyline I Pte. Ltd., on Sep, 26 2025 announced a definitive agreement to acquire Spindex Industries Limited (564.SI) for...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"564.SI":"事必得精密机械有限公司"},"translate_title":"PrimeMovers股权支持工具将Spindex Industries私有化，价格为每股1.43新元","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"564.SI":1},"content_text":"Skyline II Pte. Ltd., an entity jointly owned by Hong Wei Holdings Ltd and Skyline I Pte. Ltd., on Sep, 26 2025 announced a definitive agreement to acquire Spindex Industries Limited (564.SI) for 1.43 million Singapore dollars in cash per share through a scheme of arrangement.\nThe offer, which will be voted on by independent shareholders (with Hong Wei abstaining), is subject to court and regulatory approvals and is expected to close in 1Q 2026.\nSkyline I Pte. Ltd. is majority owned by PME I Holding Pte. Ltd., which is managed and controlled by Singapore-based private equity firm PrimeMovers Equity.\nSpindex Industries is a precision engineering company with about 1.2 million square feet of manufacturing space across Singapore, Malaysia, China and Vietnam, supplying components to the automotive, consumer products, office automation, medical and semiconductor sectors.\nCGS International Securities Singapore Pte. Ltd. is acting as sole financial adviser to the offeror, with Drew & Napier LLC and Ashurst ADTLaw providing legal advice.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"shareholding,SGX","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.11","shortVersion":"4.35.11","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1144502564","isCrawlerRequest":true}