GVT plans to use a majority of the proceeds to expand its business through M&As, JVs and partnerships. The post Novo Tellus inks pact to invest in Catalist-listed Grand Venture Technology appeared first on DealStreetAsia.

PRIVATE equity fund Novo Tellus PE Fund 2 is set to take a 29.6 per cent stake in Grand Venture Technology's enlarged share capital after the fund signed two separate agreements.

GRAND Venture Technology on Tuesday said it has entered into a conditional placement agreement to raise some S$23.6 million. The Catalist-listed manufacturing service provider is proposing to issue 71.5 million new shares in the company at S$0.33 apiece.

Loke Wai San, better known as the executive chairman of AEM Holdings, seems to be in an acquisitive mood, as he moves to take stakes in other companies within the broader electronics manufacturing sector. Within just two months or so, Loke, who also manages the private equity firm Novo Tellus C...

THE following companies saw new developments that may affect trading of their securities on Wednesday.

CGS-CIMB analyst William Tng says he is “positive” on the outlook for the tech sector in 2021. This, he says, is due to the acceleration of digitalisation of many work processes during the Covid-19 pandemic, which has led to higher demand for IT-related infrastructure. “At the same time, there...

GRAND Venture Technology on Monday said it is in discussions with a third party regarding a potential subscription of new shares in the company.

THE following companies saw new developments that may affect trading of their shares on Tuesday.

1. Describe Grand Venture Technology’s (GVT) financial performance over the past few years. What strategies have been put in place to maintain or accelerate its growth trajectory? GVT is a manufacturing solutions and service provider for industries such as semiconductor, analytical life sciences,...

CGS-CIMB has maintained its “buy” call on Grand Venture Technology with a raised target price of 36 cents from 26 cents previously on the back of stronger 1H20 performance. Analysts William Tng and Darren Ong noted that the company’s revenue and net profit at $26.9 million and $2.2 million res...