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Memtech minority shareholders should take $1.35 cash offer, says CGS-CIMB

Stanislaus Jude Chan
Stanislaus Jude Chan5/29/2019 12:44 PM GMT+08  • 2 min read
Memtech minority shareholders should take $1.35 cash offer, says CGS-CIMB
SINGAPORE (May 29): CGS-CIMB Research says minority shareholders of Memtech International (MTEC) should take the cash offer of $1.35 per share, which the brokerage deems to be a “fair” offer price and an “attractive cash exit opportunity”.
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SINGAPORE (May 29): CGS-CIMB Research says minority shareholders of Memtech International (MTEC) should take the cash offer of $1.35 per share, which the brokerage deems to be a “fair” offer price and an “attractive cash exit opportunity”.

“While we like MTEC for its material science expertise in liquid silicone rubber (LSR) and its diversified customer base, we think its near-term outlook could be weighed down by ongoing trade tensions and a global auto slowdown,” says analyst Ngoh Yi Sin.

MTEC earlier this month received a voluntary conditional cash offer by M-Universe – a consortium led by its executive chairman Chuang Wen Fu – to privatise and delist.


See: Memtech offered $1.35/share to delist by executive chairman-led consortium

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