BSL Corporation Bhd
KUALA LUMPUR, Sept 6 -- BSL Corporation Bhd (BSLCorp) has inked a memorandum of understanding (MoU) to acquire Singapore-based SD Unify Pte Ltd (SD Unify) as part of its efforts to expand its exposure in the semiconductor sector.
SD Unify is a company that operates an international procurement office (IPO) centre, connecting the overseas supply chain for semiconductor original equipment manufacturers Approved Vendor List components.
“This is complemented by SD Unify’s ‘One Stop Solution’ concept for the manufacturing, sourcing and supplying of electro-mechanical products for semiconductor producers,” said BSL Corp in a statement today.
Executive director Brian Hoo Wai Keong said the move is part of the company’s revitalisation strategy, adding that the BSL Corp is involved in contract manufacturing with exposure in the electrical and electronics, solar farm and renewable energy and to a smaller extent, semiconductor sectors.
“The semiconductor segment will form a new pillar of growth for BSLCorp and complement its current operations as the group transitions to an electronic manufacturing services (EMS) company,” he said.
Hoo said the MoU is for a period of three months and both parties were expected to sign a definitive agreement within that period.
He added that the proposed acquisition is expected to dovetail with BSLCorp’s recent announcement of a proposed private placement exercise to enhance and expand its existing semiconductor manufacturing capacity.
Hoo said the proposed corporate exercise entails the issuance of up to 30 per cent new shares based on the company’s enlarged share capital base after a share split.
The share split involves a subdivision of every existing share into two shares.
“The estimated funds to be raised from the private placement is RM30 million -- based on the current share price -- of which RM24 million will be allocated for the enhancement and expansion exercise,” he said.
According to the statement, the company has embarked on an enhancement and expansion exercise which would see the expansion of production facilities gross floor area, as well as the reconfiguration of the existing productions lines and additional capital expenditure to upgrade and install new production lines.
At 12.10 pm, BSLCorp’s share price rose by 16 sen to RM1.37.
KUALA LUMPUR, Sept 22 -- Serba Dinamik Group Bhd, a provider of internet access through local satellite technology, has installed the Proof of Concept (POC) for Very Small Aperture Terminal (VSAT) satellite internet access in Kampung Betutai, Tuaran, Sabah to reduce the rural digital divide.
KUALA LUMPUR, Sept 20 -- MCE Holdings Bhd's wholly-owned subsidiary MCE Ventures Sdn Bhd (MVSB) has signed a memorandum of understanding (MOU) with China’s Chongqing Beidou Jiean Neo-Energy Technology Ltd (BDJA) to establish a joint venture (JV) for the electric vehicle business.
PUTRAJAYA, Sept 20 (Bernama) -- Sustainable Energy Authority Development (SEDA) Malaysia officially launched its 10th Anniversary celebration via online ceremony officiated by SEDA Malaysia’s Chairman, YB Tuan Lukanisman Awang Sauni.
The Authority, which was established in 2011 achieved its first decade of operation on 1st September this year. As a statutory body under the Ministry of Natural Energy and Resources (KeTSA), SEDA Malaysia is responsible for the development of the sustainable energy industry in Malaysia.
© 2021 BERNAMA. All Rights Reserved.
rewritten or redistributed in any form except with the prior written permission of BERNAMA.
Best viewed in Firefox 58.0.1 (64-bit) & Chrome Version 63.0.3239.132 (Official Build) (64-bit) with 1920 x 1080 resolution
Contact us :
General [ +603-2693 9933, email@example.com ]
Product/Service Enquiries [ +603-2050 4466, firstname.lastname@example.org ]