KESM decides to hold back on investment, returns surplus cash to shareholders


KUALA LUMPUR: KESM Industries Bhd has proposed a higher dividend payout, as the company put some investment on hold after fourth quarter earnings fell on weaker demand for its semiconductor burn-in and testing services.

The company, in a filing with Bursa Malaysia on Friday, said the outlook for the industry remains positive, but escalating trade wars between major economies are fueling uncertainties in the market.

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