KUALA LUMPUR: Globetronics Technology Bhd
has entered into a technology provision agreement with India-based Kaynes Semicon Private Limited (KSP) to provide technical services in respect of the outsourced semiconductor assembly and testing business to KSP for RM35.9mil.
In a filing with Bursa Malaysia, Globetronics said it would also reinvest RM24.98mil into KSP subject to the execution of a subscription agreement.
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