Brief: Spindex Industries updates on letter issued by Star Engineering for permission to carry out due diligence

Spindex Industries

08/03/2017 12:05

March 8 (Reuters) - Spindex Industries Limited  SNEX.SI  
    * Independent directors have on 7 march 2017 received a 
letter from hong wei holdings 
    * Received letter stating we and parties acting in concert 
with us own, control, or agreed to acquire about 50.30% of total 
issued share capital of Spindex 
    * Hong Wei informed co that concert parties will not 
consider accepting any competing offer by star or any party for 
their shares in Spindex 
    * "Company will give due consideration and take necessary 
steps with regards to issues raised" 
    * Refers to announcement by Star Engineering that it had 
issued a letter to co requesting that it be permitted to carry 
out due diligence on group 
    * Hong Wei Wong states that "we object to Spindex granting 
due diligence access to Star or any party" in letter 
 
Source text for Eikon:  ID:nSNZc4HPn0  
Further company coverage:  SNEX.SI  
 
 (Reporting by Hanna Paul) 
 ((Hanna.Paul@thomsonreuters.com;))