MPI and PNB pact with Carsem

  • Business
  • Saturday, 03 May 2003

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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