Platinum to acquire Singapore's PCI for $150m
Platinum Equity has agreed to buy PCI, a Singapore-listed electronics manufacturer owned by local conglomerate Chuan Hup Holdings, for S$203 million ($150 million).
Chuan Hup currently holds 153 million shares in PCI, representing a 77% stake. According to a regulatory filing, Platinum will pay S$1.33 in cash per share for the full holding, a 17% premium to the closing...
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