Spindex to delist after $165m PrimeMovers and Hong Wei acquisition
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Spindex Industries Limited will be delisted from the SGX on 13 February 2026 following its $165 million acquisition by PrimeMovers Equity (S) Pte. Ltd. and Hong Wei Holdings Ltd, completed on 11 February 2026. The acquisition, part of a scheme of arrangement, was facilitated by Skyline II Pte. Ltd., a joint venture between Hong Wei Holdings and Skyline I Pte. Ltd. Spindex operates manufacturing facilities across Singapore, Malaysia, China, and Vietnam, serving various sectors including automotive and medical.
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