MFS Technology Ltd (MFS Tech) is principally engaged in the design, manufacture and distribution of flexible printed circuits (FPCs) and printed circuit boards (PCBs), and the provision of turnkey component assembly services for FPCs. As part of its provision of design services, it also provides value-added services like application engineering services in respect of FPCs to meet its customers' requirements. The Group aims to provide these services as a "one-stop" solution package to its customers in respect of their interconnect requirements.
See company website link below:
MFS Tech Website
The company has sold its core business and is in the process of voluntary liqudation. Expected delisting date is 12 May 2016.
See delisting document:
https://drive.google.com/open?id=0B0mnNRZF77OZNEItaklOVUpxbWc
Market Action:
- Bought MFS Tech at 2.0 cents (11 Apr 2016, cum dividend)
- Sold MFS Tech at 1.9 cents (19 Apr 2016, ex dividend of 0.3 cents)
- Profit (excluding brokage costs) - 10% (S$1,000)
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