LCTH Corporation

Fu Yu Corp is attractive compared to peers, but not without risks

SINGAPORE (Jan 10): CIMB Research likes Fu Yu Corp for its reputation as an established plastic injection specialist as well as its diverse customer base, strong balance sheet and attractive historical valuations based on the research house’s preliminary assessment.

The company is currently in the midst of privatising its Malaysia-listed subsidiary, LCTH Corporation, through a selective capital repayment exercise.

Fu Yu to privatise LCTH for $20.3 mil via selective capital repayment

SINGAPORE (Dec 8): Fu Yu Corporation, the manufacturer of precision plastic components, plans to privatise its subsidiary, LCTH Corporation, through a selective capital repayment exercise (SCR) valued at around RM61.3 million ($20.3 million).

LCTH is listed on Bursa Malaysia and focuses on the precision manufacturing of tools and plastic products in Malaysia. As at 6 Dec, it has a share capital of RM169.9 million comprising 360 million ordinary shares, of which about 254.3 million are owned by Fu Yu to represent an equity interest of 70.64%.

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