Home Investment cases Sunningdale Tech
2018–2021 · SGX · Precision engineering
Sunningdale Tech
Pressed for higher payouts and disclosure; opposed a low privatisation offer.
- Period
- 2018–2021
- Market
- SGX
- Sector
- Precision engineering
- News items
- 7
Our engagement
Pressed for higher payouts and disclosure; opposed a low privatisation offer.
Outcome
Offer raised from S$1.55 to S$1.65 per share; company privatised (2021).
Timeline
How it unfolded.
- 13 Dec 2018Quarz Capital sends an open letter to Sunningdale Tech on capital returns and disclosurePR Newswire
- 13 Dec 2018Bloomberg: activist fund Quarz says Sunningdale Tech is undervaluedBloomberg
- 7 Mar 2019Sunningdale Tech responds to Quarz Capital's proposals on shareholder valueThe Edge Malaysia
- 8 Sep 2020Quarz Capital's stake in Sunningdale Tech crosses 5%The Edge Singapore
- Jan 2021Sunningdale Tech privatisation offer raised after Quarz Capital calls it too lowThe Edge Singapore
- 26 Jan 2021The Fifth Person reviews the Sunningdale Tech privatisation and Quarz Capital's objectionsThe Fifth Person
- Feb 2021Sunningdale Tech privatisation approved at the raised offer price; shares to stop trading in MarchThe Edge Singapore
Coverage
Original sources.
External links open third-party websites. Quarz Capital is not responsible for their content.
This summary describes Quarz Capital's public engagement and publicly reported outcomes. It is not a record of investment performance, does not indicate future results and is not a recommendation to buy or sell any security.