HONG KONG – SMT Holdings will undergo a reorganization ordered by its board in an attempt to turn around the electronics manufacturing services company.
 
The EMS company has entered exclusive negotiations with a potential investor for a restructuring proposal. The investor has not been disclosed, and SMT Holdings said it would withhold further comment until an agreement has been reached.
 
SMT Holdings is a Top 50 contract assembler per the CIRCUITS ASSEMBLY Top 50, but its sales dropped dramatically from 2008 to 2009, and even a rebound in 2010 hasn’t stemmed the losses. It was placed on the Singapore Exchange watch list, and its market capitalization slid to about S$5 million.
 
The company operates four SMT plants in China.