tiprankstipranks
Company Announcements

Spindex Industries Secures Majority Stake in Techpro Precision Engineering

Story Highlights
Spindex Industries Secures Majority Stake in Techpro Precision Engineering

The latest announcement is out from Spindex Industries Limited ( (SG:564) ).

Spindex Industries Limited has successfully completed the first tranche of its acquisition of Techpro Precision Engineering Pte. Ltd., securing 80% of its issued share capital. This acquisition is set to enhance Spindex’s capabilities and market positioning in the precision engineering sector, with further updates to be provided to shareholders as necessary.

More about Spindex Industries Limited

Spindex Industries Limited is based in Singapore and operates in the precision engineering sector. The company focuses on providing high-quality precision components and solutions to various industries.

YTD Price Performance: -5.10%

Average Trading Volume: 24,128

Technical Sentiment Consensus Rating: Sell

Current Market Cap: S$107.3M

Find detailed analytics on 564 stock on TipRanks’ Stock Analysis page.

Questions or Comments about the article? Write to editor@tipranks.com

Questions or Comments about the article? Write to editor@tipranks.com
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App