PrimeMovers Equity (S) Pte. Ltd. on Feb, 11 2026 announced the completion of the 165 million Singapore dollars take-private of Spindex Industries Limited (564.SI) through a scheme of arrangement.

The transaction was executed by Skyline II Pte. Ltd., a vehicle jointly owned by Hong Wei Holdings Ltd and Skyline I Pte. Ltd., which is majority-owned by PME I Holding Pte. Ltd. managed by PrimeMovers Equity.

The scheme of arrangement was approved by Spindex shareholders and sanctioned by the High Court of the Republic of Singapore. It became effective on Feb, 2 2026. Spindex is scheduled to be delisted from the Singapore Exchange at 9:00 a.m. on Feb, 13 2026.

Spindex is a Singapore-based precision engineering company operating about 1.2 million square feet of manufacturing facilities across Singapore, Malaysia, China and Vietnam, supplying customised components to industries including automotive, consumer products, office automation, imaging and printing, medical and semiconductor.

PrimeMovers Equity Co-Founder and Chief Executive Officer Soo Jin Goh said the transaction positions Spindex to advance its strategic initiatives and demonstrates the firm’s ability to work with founders and families to unlock value in Southeast Asia’s middle-market companies.