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.

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