Hong Leong Industries Bhd subsidiary Malaysian Pacific Industries Bhd (MPI) and Permodalan Nasional Bhd (PNB) have agreed to sell their respective 70% and 30% stake in Carsem Semiconductor Sdn Bhd to Carsem (M) Sdn Bhd for RM180mil.
Carsem is a 70% subsidiary of MPI.
The proposed transfer of Carsem Semiconductor follows an internal rationalisation to merge the operations of Carsem and Carsem Semiconductor. Bernama
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