M’sian and Chinese parties in bid to take over Unisem

Unisem, which plunged 18%, the biggest drop since the company

PETALING JAYA: The founders of Unisem (M) Bhd John Chia, his son Alexander Chia, Jayvest Holdings and SCQ Industries (Malaysian parties) have offered to take over the company with some China-based partners for RM1.817bil after certain conditions are fulfilled.

The Malaysian parties, who collectively have a 24.28% stake in Unisem, are partnering with China-based companies Tianshui Huatian Technology Co, Ltd (TSHT) and Tianshui Huatian Electronics Group Co, Ltd (TH Group Co) (both parties known as the joint offerers) and have proposed a takeover of the rest of Unisem’s 550.565 million shares at an offer price of RM3.30 cash per share.