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“Falling Knife” of the Week: Europtronic Group Limited

europtronic This week’s “Falling Knife” is Europtronic Group Limited (SGX: E23). It fell 13.7% so far, at the time of writing, to close at $0.044.

The company develops and manufactures electronic components for international companies in the electrical, electronics, and information technology industries.

On 17th September 2013, it announced that an interest-free loan of US$2.5 million has been given to the company after a loan agreement was entered into between Mrs Huang Chuang Shueh-Ou and Europtronic. The loan, in addition to the proceeds obtained from the sale of the company’s treasury shares done on 13th and 16th September 2013, will be used to repay the company’s bank loans and for general working capital purposes.

Mrs Huang Chuang Shueh-Ou is a Director and a controlling shareholder of the company, owning 39.43% of Europtronic.

The company saw a net loss in Financial Year 2012 and does not pay out any dividends.

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The information provided is for general information purposes only and is not intended to be personalised investment or financial advice.  Motley Fool Singapore contributor Sudhan P doesn’t own shares in any companies mentioned.