BSL to acquire international procurement office

KUALA LUMPUR: BSL Corp Bhd has entered into a memorandum of understanding to acquire SD Unify Pte Ltd to expand its market reach in the semiconductor sector.

According to BSL, SD Unify is a Singapore-based company that operates an international procurement office centre connecting the overseas supply chain for semiconductor original equipment manufacturers' (OEM) approved vendor list components.

The two parties are expected to sign a definitive agreement with the next three months before the MoU expires.

“Given the current market demand, the proposed acquisition of SD Unify is timely for BSLCorp to extend its market reach in the semiconductor sector,” said BSL executive director Brian Hoo Wai Keong.

He added that the expansion is part of the gorup's revitalisation strategy to fast-forward its exposure in the semiconductor area.

The segment is expected to form a new pillar of growth for the group and complement its current operations as the gorup transitions to an electronic manufacturer services company.

The proposed acuqisition comes following the group's recent announcement of a proposed private placement to enhance and expand its existing semiconductor manufacturing capacity.

Last Friday, it proposed a share split of one existing share into two shares followed by a private placement of up to 30% of the enlarged share capital base to independent third-party investors at an issue price to be determined at a later date.

BSL also proposed a bonus issue of one free warrant for every two shares held after the share split and private placement.

An estimated RM30mil is expected to be raised from the private placement based on the current share price, of which RM24mil will be allocated for the enhancement and expansion exercise.
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BSL , semiconductor , SD Unify , OEM , Brian Hoo Wai Keong


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