Fortunately, these delistings have been balanced by a few high-profile IPOs such as Info-Tech Systems (SGX: ITS) and the recent launch of NTT DC REIT’s IPO.
One of these recent delistings involves Grand Venture Technology (SGX: JLB), also known as GVT.
The group is a solutions and services provider for the manufacture of complex precision machining, sheet metal components, and mechatronics modules.
Earlier this week, GVT announced that Aalberts Advanced Mechatronics B.V. intends to take the group private through a scheme of arrangement at S$0.94 per share.
This announcement caps an interesting relationship that the Smart Investor has with the group as it prepares to part ways with this position.
The addition of GVT to our portfolio
As an introduction, the Smart Investor runs a Singapore dividend portfolio called The Smart Dividend Portfolio….
