Ashurst ADTLaw Advises PrimeMovers Equity on S$165m Joint Takeover and Delisting of Spindex Industries

"Ashurst ADTLaw advised PrimeMovers Equity on the S$165 million joint take-over and delisting of Spindex Industries Limited with Hong Wei Holdings via a scheme of arrangement. PrimeMovers is a Singapore private equity firm using its GTOTM growth framework; Spindex is a 40+ year precision engineering group with about 1.2 million sq ft of manufacturing capacity across Singapore, Malaysia, China and Vietnam serving automotive, consumer products, office automation, medical and semiconductor customers. The deal team was led by Tao Koon Chiam and Xiaozheng Ko, supported by Mei An Chan and Yixi Wang."