The Business Times

Companies & Markets

The Business Times
Subscribe
Share on FacebookShare on TwitterView more
The Business Times
Create a free account with Business Times for seamless access across SPH Media products.
REGISTER
LOGIN

Companies & Markets

MARK TO MARKET
·
SUBSCRIBERS

Sunningdale latest to face activist investor Quarz

Securing improved terms for minorities would be better outcome than voting down the whole deal

Ben Paul

Ben Paul

Published Mon, Jan 18, 2021 · 05:50 AM
Share this article.

QUARZ Capital Management is at it again. Barely six weeks after winning a bruising battle to prevent Sabana Reit from merging with ESR-Reit on value-destructive terms, the activist investor has turned its sights on Sunningdale Tech - a precision plastic components maker in the throes of a private equity buyout.

Under the deal, which was announced on Nov 9, Sunningdale's chairman and major shareholder Koh Boon Hwee has teamed up with a unit of Novo Tellus PE Fund 2 to offer minority shareholders S$1.55 per Sunningdale share.

In an open letter to Sunningdale's board, Qu…

SEE ALSO
Stubborn US inflation, delayed Fed rate cuts could mark a painful adjustment for investors
GET BT IN YOUR INBOX DAILY

Start and end each day with the latest news stories and analyses delivered straight to your inbox.

VIEW ALL

KEYWORDS IN THIS ARTICLE

sunningdale tech
Quarz Capital

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Companies & Markets

newspaper iconPurchase this articleshopping cart icon

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here