AEM Singapore, which has made an offer for all the shares of CEI it does not already own, will vote against the payment of dividends at CEI's annual general meeting (AGM) on April 19.

Shareholders of printed circuit board maker CEI will not receive the company’s final dividend for FY2020 if they vote against the takeover of the company by AEM Holdings.  In an April 5 release, AEM announced that it will be voting against the upcoming Dividend Resolutions at CEI’s upcoming...

As of March 26, AEM Holdings, which is in the midst of taking over CEI, controls 68.59% of the latter. The offer, which has turned unconditional, is open until April 26. CEI shareholders are given a few choices in how they want to accept the offer. First, they can take an all-cash offer of $1.15 per...

KGI Securities’ Kenny Tan has maintained his ‘outperform” rating for AEM Holdings, but with a reduced target price of $5.05, down from his previous figure of $5.26.  Tan notes this was because he expects AEM’s “blistering” growth pace to decelerate this year, after six years of high...

As AEM Holdings see record earnings and revenue of $97.6 million and $519.0 million respectively for the FY2020 ended December, analysts from CGS-CIMB Research, DBS Group Research and Maybank Kim Eng have recommended investors to continue accumulating the stock. CGS-CIMB analyst William Tng has main...

AEM Holdings has confirmed a final offer for printed circuit board maker CEI at an offer price of $1.15 a share, solidifying a pre-conditional offer made in January. CEI shareholders will have the option to take the offer wholly in cash, or one of two other options that include AEM shares if they ch...

ELECTRONICS services provider AEM Holdings on Monday said it received in-principle approval from the Singapore Exchange (SGX) for the listing and quotation of new shares on Saturday, a pre-condition for its S$99.7 million buy-out offer for CEI to go through.

Cashed-up buyers, low liquidity and bashed-up valuations for cyclicals are driving Singapore’s economy, particularly leading to a wave of privatisation here, say CGS-CIMB Research analysts Lim Siew Khee and Cezzane See. Lim and See’s Jan 22 note comes on the back of a “flurry” of corporate t...

IN WHAT could end up being its largest acquisition to date, AEM Holdings' S$99.7 million buy-out bid for contract manufacturer CEI comes at an opportune time for the fast-growing company to extend its leadership in the industry.

Analysts from CGS-CIMB Research and DBS Group Research have maintained their “add” and "buy” calls on AEM after the company offered to privatise circuit board maker CEI at $1.15 a share on Jan 11. See: AEM offers to buy CEI at $1.15 per share  See: AEM's Loke is on a deal-making spree The...