PrimeMovers Equity Completes Takeover of Spindex Industries

MT Newswires

Feb 11

PrimeMovers Equity completed the acquisition of Spindex Industries (SGX:564) through a scheme of arrangement, with an implied transaction value of around SG$165 million, according to a Wednesday filing with the Singapore Exchange.

The acquisition was undertaken by Skyline II, which is jointly owned by Hong Wei, a company controlled by Spindex majority shareholders, Tan Choo Pie and family.

The acquisition comes after PrimeMovers entered into a definitive agreement back in September 2025.

Following the conclusion of the deal, the company will be delisted from the Singapore Stock Exchange on Feb. 13.

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