Latest news with #GrandVentureTechnology
Business Times
10-07-2025
- Business
- Business Times
Dutch firm moves to privatise Grand Venture Technology at S$0.94 per share
[SINGAPORE] A Netherlands-incorporated firm is looking to privatise precision engineering solutions company Grand Venture Technology at S$0.94 a share, both companies said on Thursday (Jul 10). The offeror is proposing to acquire all ordinary shares in Grand Venture's issued and paid-up share capital, which totals some 339.3 million shares worth S$318.9 million. Shareholders who collectively hold 64.24 per cent of Grand Venture's total shares have given the offeror irrevocable undertakings to vote in favour of the scheme, the companies said in a joint statement. They include the company's executive deputy chairman who owns a 15.37 per cent stake, the chief executive officer and chief operating officer who each have a 3.55 per cent stake, and NT SPV 12, the subsidiary of a private equity fund, which has a 26.68 per cent stake. The offeror, Aalberts Advanced Mechatronics, is an indirect wholly owned subsidiary of Aalberts, which is listed on Euronext Amsterdam. The unit is part of the group's semiconductor business segment. It intends to privatise and delist Grand Venture from the Singapore Exchange should the scheme succeed, as this will allow for greater control and flexibility in managing the company and optimising resources. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up To be passed, the scheme requires approvals representing at least 75 per cent of the value of shares held by shareholders present and voting, in person or by proxy, at the scheme meeting. Scheme consideration The offer is an opportunity for shareholders to realise their investments at a premium over market prices, both companies noted. This is as the scheme consideration represents a premium of 11.9 per cent over Grand Venture's share price of S$0.84 on the company's last undisturbed trading day on May 30, 2025 – before it announced on Jun 1 that it had entered confidential discussions relating to a possible transaction involving its shares. It is a premium of 17.4 per cent, 25.5 per cent, 20.7 per cent, and 27.9 per cent over the volume-weighted average price (VWAP) per share for the one, three, six and 12-month periods, respectively, as well as a premium of 37.7 per cent and 42 per cent over the VWAP per share for the two and three-year periods, respectively, up to and including May 30. It is also 241.8 per cent above Grand Venture's initial public offering price of S$0.275 on Jan 23, 2019, and 140.1 per cent over the audited net asset value per share of S$0.3915 as at Dec 31, 2024. The companies said that, as the trading volume of Grand Venture's shares has been 'relatively low' such that shareholders may not have 'sufficient opportunity to efficiently exit their investments', the scheme provides them the option to realise their investments without incurring brokerage or other trading costs. The offer is also a 'strategic opportunity' for the offeror to enter the South-east Asia semiconductor market by leveraging Grand Venture's production capabilities, they added. 'This acquisition would provide an opportunity for the company and offeror to capitalise on each other's complementary semiconductor engineering capabilities and technologies, domain knowledge and supply chains, potentially leading to productivity improvements and certain cost-efficiencies,' they said. The offeror views Grand Venture as a potential growth platform as the complementary supply chain networks of both companies could allow their customers to benefit from a 'more comprehensive suite of solutions', the companies noted. 'Access to each other's existing and new customers... could offer incremental market access and consolidation of selected business development efforts which may result in improved market penetration.' Shares of Grand Venture closed on Wednesday at S$0.955, up by 1.1 per cent or S$0.01, before the company called for a trading halt on Thursday morning.
Business Times
10-07-2025
- Business
- Business Times
Dutch firm moves to privatise Grand Venture Technology at S$0.94 apiece
[SINGAPORE] A Dutch firm is looking to take Grand Venture Technology private by way of scheme of arrangement, said the precision engineering solutons company in a joint announcement with the offeror on Thursday (Jul 10). The offeror is proposing to acquire all issued and paid-up ordinary shares in the company's share capital, comprising some 339.3 million shares worth S$87.3 million, at S$0.94 apiece. Shareholders who collectively hold around 64.2 per cent of the company's total shares have given irrevocable undertakings to the offeror, the companies said. They added that the scheme consideration represents a premium of 11.9 per cent over the latest traded price of shares of S$0.84 on the company's last undisturbed trading day on May 30, 2025. This was before the company announced on Jun 1, 2025, that it had entered confidential discussions relating to a possible transaction involving its shares. As the trading volume of Grand Venture's shares have been relatively low, the scheme provides shareholders the option to realise their investment for cash without incurring any brokerage or other trading costs, the two companies said. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up The offer is also a strategic opportunity for the offeror to enter the South-east Asia semiconductor market by leveraging Grand Venture's production capabilities, the two companies said. The offeror, Aalberts Advanced Mechatronics, is incorporated in the Netherlands and is an indirect wholly owned subsidiary of the Aalberts group, which is listed on Euronext Amsterdam. Aalberts Advanced Mechatronics intends to delist Grand Venture from the Singapore Exchange once the scheme is completed. For the scheme to be passed, it requires approval from shareholders who represent at least 75 per cent of the value of the shares held by shareholders present and voting, either in person or by proxy, at the scheme meeting. Shares of Grand Venture closed on Wednesday at S$0.955, up by 1.1 per cent or S$0.01, before the company called for a trading halt on Thursday morning.
Yahoo
10-07-2025
- Business
- Yahoo
Aalberts N.V.: Aalberts intends to acquire GVT in Southeast Asian semicon market
Utrecht, 10 July 2025 Aalberts N.V. has entered into an agreement with Grand Venture Technology Limited (GVT) for the proposed acquisition of 100% of the company. GVT, with its head office in Singapore, operates 6 facilities across Singapore, Malaysia and China, generating an annual revenue of SGD 160 million in 2024 and an EBITDA margin of 19% with approximately 1,800 employees. GVT is a leading precision engineering solutions and service provider of components, mechatronics, assembly and testing mainly for semiconductor, analytical life sciences, medical, aerospace and industrial automation industries. In line with our 'thrive 2030' strategy, this proposed acquisition marks an expansion into the strategically important Southeast Asian semicon market. It will establish a new customer base for Aalberts and will enhance our value proposition to existing customers who are investing in the region. The combined activities will be able to offer strengthened semicon engineering capabilities and technologies, enhancing productivity for customers, for example in semicon back-end manufacturing. This opportunity is strategically positioned for multi-year growth and will be value accretive for Aalberts. As part of a scheme of arrangement, shareholders of GVT are offered a consideration of SGD 0.94 in cash per share implying a total consideration of approximately SGD 319 million for all outstanding shares. Major shareholders, holding approximately 64% of GVT shares, have granted irrevocable undertakings to Aalberts to vote in favour of the transaction. The transaction is conditional on customary closing conditions, including shareholder approval and regulatory approvals. Visit for more information. The transaction is expected to be finalised by the end of 2025 and the results will be consolidated immediately thereafter. The acquisition will directly contribute to the earnings per share and will be financed from existing credit facilities. CEO statementStéphane Simonetta comments: 'We are excited for the prospect of joining forces with GVT and are looking forward working together with the experienced management team. The proposed acquisition will allow our semicon segment to unlock its future growth opportunities in Southeast Asia. Together, our leading capabilities will enable us to expand services to our existing customers and service new customers with leading engineering capabilities and technologies. This is an important step in delivering our 'thrive 2030' strategy.' contact+31 (0)30 3079 302 (from 8:00 am CEST)investors@ press releaseError in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
20-06-2025
- Business
- Yahoo
5 Singapore Stocks Hitting Their 52-Week Highs: Should They Be on Your Watchlist?
Sentiment has improved considerably after the initial fears over Trump's raft of tariffs. The Straits Times Index (SGX: ^STI) has rebounded strongly and is just below the 4,000 level as I write this article. As a result, several companies have hit their 52-week highs as investors turn optimistic about their prospects. However, should you add the five companies below to your buy watchlist? Let's take a deeper dive to find out. Grand Venture Technology, or GVT, is a manufacturing solutions and services provider for the semiconductor, electronics, aerospace, and medical industries. GVT's share price has climbed 12.7% year-to-date (YTD) to S$0.94, just shy of its 52-week high of S$0.96. The group announced a solid set of earnings during its first quarter of 2025 (1Q 2025) business update. Revenue jumped 44.8% year on year to S$44.6 million while gross profit improved by 40.3% year on year to S$11.1 million. GVT saw double-digit year-on-year revenue increases across all three of its divisions. Net profit increased by 27.7% year on year to S$2.6 million. Management sees artificial intelligence (AI) and high-performance computing (HPC) as long-term structural growth drivers that will benefit its business. Beyond semiconductors, GVT also expects resilient demand from life sciences customers and is deepening its value proposition for the aerospace sector in China. These trends and initiatives should open up more strategic opportunities for the group to continue growing its top and bottom lines. SIA Engineering, or SIAEC, is a maintenance, repair, and overhaul (MRO) specialist for the airline industry. The group also provides line and base maintenance services for major airlines. SIAEC's share price has trended higher since hitting a low of S$1.91 in April 2025. Shares of the MRO specialist are now up 37% YTD and recently hit a 52-week high of S$3.28. The group reported a sparkling set of earnings for its fiscal 2025 (FY2025) ending 31 March 2025. Revenue climbed 13.8% year on year to S$1.2 billion while operating profit came in at S$14.6 million. SIAEC's share of profits from associates and joint ventures improved by 17.4% year on year to S$118.6 million. As a result, net profit surged 43.8% year on year to S$139.6 million. A final dividend of S$0.07 was proposed, bringing FY2025's total dividend to S$0.09, one cent higher than FY2024's S$0.08. The MRO industry continues to enjoy sustained demand, and the impact from Trump's tariffs is limited for now. Late last month, SIAEC signed a S$1.3 billion service agreement with Singapore Airlines (SGX: C6L) and Scoot. This agreement is effective from 1 April 2025 for a term of two years with an option to extend for a further year. Keppel is a global asset manager and operator with solutions that serve customers in the infrastructure, real estate, and connectivity sectors. The blue-chip group saw its share price rise 7.3% YTD, and it recently hit its 52-week high of S$7.50. There could be more momentum for the stock as Keppel released an encouraging 1Q 2025 business update. 1Q 2025's net profit (excluding legacy offshore and marine assets) increased by more than 25% year on year. Of this net profit, 80% was made up of recurring income. Asset management fees also rose 9% year on year to S$96 million for the quarter, and Keppel recorded S$347 million of assets monetised to date. The group also grew its funds under management (FUM) and targets to hit S$100 billion of FUM by the end of 2026 and S$200 billion by 2030. Some of these long-term objectives are encapsulated in Keppel's 2025 Investor Day presentation, and the group is working towards its Vision 2030 goals to grow its core earnings and increase its proportion of recurring income. Sembcorp Industries, or SCI, is an energy and urban solutions provider with a balanced energy portfolio of 25.1 GW across 11 countries. SCI also has urban development projects that span 14,400 hectares across Asia. SCI's share price has shot up nearly 27% YTD and recently hit its 52-week high of S$7.11. The utility group managed to report a resilient core net profit of S$1 billion for 2024, even though revenue dipped by 9% year on year to S$6.4 billion. The lower revenue was because of the planned maintenance shutdown of a Singapore cogeneration plant, along with a decline in Singapore wholesale electricity prices. Despite the flat profit, SCI more than doubled its final dividend from S$0.08 to S$0.17, taking the total 2024 dividend to S$0.23. The group has also announced several promising business developments recently. In late May, SCI secured its second solar-energy storage hybrid project in India for a contracted capacity of 150 MW. And in mid-June, the group was awarded its first round-the-clock power project, also in India, to integrate approximately 300 MW of installed capacity comprising solar, wind, and battery energy storage solutions. Lum Chang is a construction group with businesses in property development and investment. Its construction projects include a wide variety of property types such as commercial, residential, industrial, and infrastructure projects. Lum Chang's share price has risen 19% YTD to hit its 52-week high of S$0.35. The construction group reported a mixed set of earnings for the first half of fiscal 2025 (1H FY2025) ending 31 December 2024. Revenue inched up 3% year on year to S$239 million, but gross profit slid 12% year on year to S$19.4 million because of higher cost of sales. Net profit dipped 4% year on year to S$3.5 million. Despite the lower profit, Lum Chang generated a positive free cash flow of S$73 million, reversing the prior year's negative free cash flow. The group quadrupled its interim dividend from S$0.005 to S$0.02 and expects the award of contracts for several large-scale developments, including Changi Airport Terminal 5 and the expansion of the Marina Bay Sands Integrated Resort. We've found 5 SGX-listed dividend stocks with strong track records in turbulent markets. If you want consistency in an uncertain world, start here. Follow us on Facebook, Instagram and Telegram for the latest investing news and analyses! Disclosure: Royston Yang does not own shares in any of the companies mentioned. The post 5 Singapore Stocks Hitting Their 52-Week Highs: Should They Be on Your Watchlist? appeared first on The Smart Investor. Sign in to access your portfolio
Straits Times
01-06-2025
- Business
- Straits Times
Grand Venture pauses plans for Bursa Malaysia listing amid takeover talks
SGX-listed Grand Venture Technology has entered into confidential discussions with a third party over a potential deal that could involve an offer for its shares. PHOTO: THE BUSINESS TIMES SINGAPORE – Grand Venture Technology (GVT) has entered into confidential discussions with a third party over a potential deal that could involve an offer for the company's shares. The discussions are ongoing and may not necessarily lead to a transaction, the precision engineering firm said in a Singapore Exchange filing on June 1. In the light of these developments, the company is putting its proposed secondary listing on Bursa Malaysia Securities on hold while it evaluates options with its advisers. GVT provides precision manufacturing solutions for the semiconductor, analytical life sciences, electronics, aerospace and medical industries, with operations in Singapore, Malaysia and China. The company first announced plans for a secondary listing on Bursa Malaysia, where it is aiming for higher stock price valuations, in September 2024. It received approval from the Securities Commission Malaysia for the proposed listing in March. The listing still requires clearance and approval from Bursa Malaysia for the admission of its shares to the main market of the Malaysia bourse. GVT is the second Singapore-listed precision engineering business to seek a secondary listing in Malaysia. In March, UMS Integration received approval to list on Bursa Malaysia. UMS said in a March 26 filing that a secondary listing in Malaysia would broaden its reach and widen its investor base, potentially improving the group's share liquidity. It would also give it access to another equity market for future fund-raising in support of the group's growth in the coming years. GVT closed on May 30 at 84 cents, up almost 2.5 per cent, while UMS Integration closed flat at $1.17. Join ST's Telegram channel and get the latest breaking news delivered to you.
