Private equity firm ShawKwei & Partners is considering a sale of precision manufacturer Beyonics Technology Ltd., people with knowledge of the matter said.

The buyout firm is working with investment bank Morgan Stanley to seek a buyer for the business, according to the people. ShawKwei is seeking to raise as much as US$300 million ($402.9 million) to US$400 million, said the people, asking not to be identified as the information is private.

Beyonics is a manufacturer of high-precision plastic and metal components for the automotive, medical and tech industries. It also provides contract manufacturing services, and has facilities in Singapore, Malaysia, China and Thailand, according to its website.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook