Spindex to delist after $165m PrimeMovers and Hong Wei acquisition

It will be delisted starting 13 February.

PrimeMovers Equity (S) Pte. Ltd. and Hong Wei Holdings Ltd completed the $165m take-private acquisition of Spindex Industries Limited via a scheme of arrangement on 11 February 2026.

The company will also delist from the SGX on 13 February, according to a press release.

Skyline II Pte. Ltd.—a joint venture between Hong Wei Holdings and Skyline I Pte. Ltd.—acted as an offeror.

Spindex operates approximately 1.2 million sq ft of manufacturing facilities across Singapore, Malaysia, China, and Vietnam, supplying machined components to automotive, consumer products, office automation, medical, and semiconductor sectors.

The acquisition follows a September 2025 agreement. CGS International Securities served as financial advisor, with Drew & Napier LLC and Ashurst ADTLaw providing legal counsel to the offeror and PrimeMovers, respectively.

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