Jotech plans transfer of listing in Q3


  • Business
  • Thursday, 27 May 2004

Jotech Holdings Bhd, a manufacturer of precision metal stamping, electronics products and semiconductors, expects to transfer to the main board of Bursa Malaysia in the 3rd quarter of this year, deputy chief executive officer, Raymond Fam said. 

“We have already met all the requirements needed to transfer to the Main Board and are awaiting the approvals from the relevant authorities,” he told reporters after the company’s AGM in Petaling Jaya yesterday. 

On the company’s outlook for this year, he expects the company’s earnings to be positive, attributing the performance to its semiconductor business, which was expected to do very well this year. Fam added that the company was also moving towards providing plasma TV covers and LCD TVs frames and covers.  

“These are products that are doing very well. The semiconductor toolings are also doing very well in terms of photonics and microwave parts that we supply to overseas customers,” he said. 

On its operations in China, which started in November last year, Fam said the company was still building up on its business opportunities and revenue. The plant, a joint venture between the company and Jiang Meng Jolimark Information Technology Ltd and Dinomax Pte Ltd, is running at 30% capacity. He expects the output to increase in the second half of the year. 

The plant, Fam said, had just obtained ISO:9001 certification and was approaching multi national companies in that region – Bernama 

 JOTECH :  [Stock Watch]  [News]

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