Spindex was incorporated in 1987 and listed on the then Sesdaq in Nov 1998, and was upgraded to the mainboard in April 2001.
The company describes itself as a maker of precision-machined components and assemblies, operating manufacturing locations in Singapore, Malaysia, China and Vietnam.
Its customers are in imaging and printing, machinery and automotive systems as well as consumer-related products.
The Tans already hold in total 74.95% of Spindex shares. They plan to delist the company if the scheme is successful.
See also: Spindex Industries fixes court hearing on Jan 8, targets delisting by Feb 13
The offerors are doing so because they want "greater flexibility" in running the company for a "longer horizon".
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