HONG KONGSMT Holdings will undergo a reorganization ordered by its board in an attempt to turn around the electronics manufacturing services company.
 
The EMS company has entered exclusive negotiations with a potential investor for a restructuring proposal. The investor has not been disclosed, and SMT Holdings said it would withhold further comment until an agreement has been reached.
 
SMT Holdings is a Top 50 contract assembler per the CIRCUITS ASSEMBLY Top 50, but its sales dropped dramatically from 2008 to 2009, and even a rebound in 2010 hasn’t stemmed the losses. It was placed on the Singapore Exchange watch list, and its market capitalization slid to about S$5 million.
 
The company operates four SMT plants in China.

Submit to FacebookSubmit to Google PlusSubmit to TwitterSubmit to LinkedInPrint Article
Don't have an account yet? Register Now!

Sign in to your account