AEM Holdings went from subpar to stellar in less than a decade. In 2011, it was struggling to get out of the SGX Watchlist; in Au­gust 2021, the test and handling provider for the semiconductor industry is poised to welcome Temasek Holdings as its largest shareholder following a $103.1 mil­lion placement at $3.8477 each.

Such a feat has not many parallels – certainly not in the past two decades of the manufacturing scene covered by The Edge Singapore.

AEM was trading at just seven cents in September 2011, in the wake of corruption charges levelled against its former man­agement.

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