SINGAPORE: Shares of mainboard-listed Amtek Engineering rose as much as 8.2 per cent to 73 cents on Monday moring, their highest in more than 2 weeks, after Bloomberg News reported on Friday that CVC Capital Partners and Standard Chartered Private Equity are exploring the sale of their majority stake in company.
Standard Chartered and CVC hold a combined 58 per cent in Amtek,valued at $212 million at close of trading on Friday.
Amtek, maker of components for Tesla Motors Inc, was not immediately reachable for a comment. CVC Capital did not immediately respond to an email seeking comment, while Standard Chartered declined to comment.
Amtek, which renamed itself Interplex Holdings Ltd. on Friday after a subsidiary it acquired last year, is looking to markets outside Asia as its majority shareholders consider a possible divestment.
