Aztech Technologies would join companies such as Thai Beverage and Far East Consortium International in considering spinning units off for listings in Singapore in the coming year. First-time share sales in the country rose to US$2.2 billion ($3.0 billion) this year, from about US$1.5 billion in 2018, according to data compiled by Bloomberg.
Deliberations are still early and may not result in a deal, said the people. A representative for Aztech Group didn’t respond to requests for comment.
“We are a growing company and always looking at various options,” a representative for Aztech Technologies wrote in an emailed response. “At this stage, it’s too premature to comment on any of the options.”
Aztech, founded in 1986, runs businesses spanning from electronics manufacturing and building material supply to marine services and restaurants. The conglomerate has support offices in Hong Kong, the Philippines and China, according to its website.
Aztech Technologies manufactures electronics including networking and telecommunications gear, personal computers and consumer electronics, the website shows. It has research and development centers in Singapore, Hong Kong and China, and distributes products under its brand to more than 40 countries.
