Ellipsiz, which offers products and services to the semiconductor industry, said that it was no longer in discussions with the 'third party' relating to the possible transaction involving the shares of the company.
Singapore-based Ellipsiz said last month that it had been approached by an unidentified third party "which may or may lead to an offer being made for the share of the company by the third party". No further details were provided then.
In August, Ellipsiz entered into a sale and purchase agreement to dispose of the probe card business (PCB) to Nidec Corp for a total consideration of US$65 million.
After the completion of sale of the PCB, Ellipsiz's only remaining business is its profitable distribution solutions segment.
Ellipsiz manufactures probe cards used to test semiconductor wafers, and provides wafer reclaim services, equipment distribution and support services for the semiconductor and electronics manufacturing services (EMS) industries.
Shares in the company fell 5.2 percent to S$0.73 on the Singapore Exchange. The stock has surged 127 percent in an year.
