Inari to invest RM8.56mil in JV project

KUALA LUMPUR: Inari Amertron Bhd has entered into a joint venture deal with MIT Semiconductor Pte Ltd (MSPL) to set up a semiconductor process tool manufacturing plant.

In a filing with Bursa Malaysia today, Inari said it will invest RM8.56mil for its 51% stake in the joint venture, while MIT will inject RM8.2mil for its 49% stake, The capital injection, Inari said, is for the purchase of new equipment and facilities.