Shares of mainboard-listed Amtek Engineering rose as much
as 8.2 per cent to 73 cents on Monday moring, their highest in more
than 2 weeks, after Bloomberg News reported on Friday that CVC Capital
Partners and Standard Chartered Private Equity are exploring the sale of
their majority stake in company.
Standard Chartered and CVC hold a combined 58 per cent in Amtek,valued at US$212 million at close of trading on Friday.
Amtek, maker of components for Tesla Motors Inc, was not immediately
reachable for a comment. CVC Capital did not immediately respond to an
email seeking comment, while Standard Chartered declined to comment.
Amtek, which renamed itself Interplex Holdings Ltd. on Friday after a
subsidiary it acquired last year, is looking to markets outside Asia as
its majority shareholders consider a possible divestment.
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