Fischer Tech receives buying interest from a ‘third party’

SINGAPORE (April 5): Fischer Tech has entered into discussions with regards to the possibility of the company’s sale.

In a Wednesday announcement before market opening, the Mainboard-listed electronics maker says it has received a non-binding expression of interest (EOI) from a “third party”, and understands that “certain shareholders” have agreed to enter into exclusive discussions with the unnamed entity.

Discussions between Fischer Tech’s largest shareholder and the third party are ongoing, but the group emphasises that there is no certainty that any transaction will materialise, or that any definitive or binding agreement will be entered into.

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