KESM to buy over subsidiary


  • Business
  • Saturday, 14 Feb 2015

KUALA LUMPUR: KESM Industries Bhd, a semiconductor devices testing company, has proposed to buy the remaining 34.62% equity interest in its subsidiary KESM Test (M) Sdn Bhd for RM35mil cash from Sunright Ltd.

In a filing with Bursa Malaysia, KESM said the proposed acquisition would be fully financed by internally generated funds.

KESM Test is currently a 65.38% subsidiary of KESM Industries with the balance of 34.62% shareholding held by Sunright, which is a major shareholder of KESM Industries.

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