Northstar withdraws interest in Singapore-listed Spindex
Northstar Group has withdrawn its interest in Singapore-listed precision components manufacturer Spindex Industries after a consortium led by the company’s chairman acquired a more than 50% stake in the business, putting it on course for a buyout.
A Northstar-owned entity said in a filing that it would cease exploring its options with regard to Spindex. Choo Pie Tan, the chairman, earlier completed and settled transactions for a 14.69% holding in...
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