Serial System Ltd is proposing to spin-off its subsidiary, Serial Microelectronics (HK), for a separate listing on the main board of the Stock Exchange of Hong Kong.

In connection with the proposed spin-off, Serial System intends to transfer its listing from the Main Board of the Singapore Exchange to Catalist.

serial montageWork on the spin-off is in its preliminary stages.

Serial Microelectronics (HK) is a private company incorporated in Hong Kong, which is 91%-owned by Serial System through its wholly owned subsidiary, Serial Microelectronics Pte. Ltd. 

The remaining 9% of the shares of Serial Microelectronics (HK) is owned by its President, Lawrence Ho Yung. He oversees Serial System’s electronic components distribution business in Hong Kong and China.

Stock price 

18.2 c

52-week range

12.7 – 19.3 c

PE (ttm)

8.5

Market cap

S$161 m

Shares outstanding

895.8 m

Dividend
yield (ttm)

1.94%

Year-to-date return

27%

Source: Bloomberg

Customers are primarily smartphone and telecommunications, household appliances, consumer electronics, automotive and industrial manufacturers based in the PRC and Hong Kong.

Serial Microelectronics (HK) has offices and warehousing facilities in Hong Kong and various cities in the PRC, which services suppliers and distributes electronic components to its customers.

Serial System's sales, by geography and attributable to Serial Microelectronics (HK), in Hong Kong and China amounted to U$853 million in 2016.

That amounted to 61% of the total US$1.4 billion revenue of the group.

You may also be interested in:


You have no rights to post comments

Counter NameLastChange
AEM Holdings2.2400.100
Avi-Tech Electronics0.265-
Best World1.6800.050
Broadway Ind0.0950.008
China Sunsine0.4000.010
ComfortDelGro1.3600.010
Delfi Limited0.965-
Food Empire1.440-
Fortress Minerals0.280-
Geo Energy Res0.3400.010
GSS Energy0.026-0.001
Hong Leong Finance2.480-
Hongkong Land (USD)3.240-0.140
InnoTek0.445-0.005
ISDN Holdings0.315-0.005
ISOTeam0.035-
IX Biopharma0.045-
Jiutian Chemical0.025-
KSH Holdings0.250-
Leader Env0.050-0.001
Medtecs Intl0.130-0.002
Nordic Group0.3400.005
Oxley Holdings0.091-
REX International0.1340.001
Riverstone0.6850.010
Sinostar PEC0.138-0.002
Southern Alliance Mining0.600-
Straco Corp.0.500-0.030
Sunpower Group0.220-0.010
The Trendlines0.085-
Totm Technologies0.023-
Uni-Asia Group0.815-0.025
Wilmar Intl3.3300.010
Yangzijiang Shipbldg1.7900.040
 

We have 292 guests and no members online

rss_2 NextInsight - Latest News