PETALING JAYA: Contract manufacturer Ge-Shen Corp Bhd
has received shareholder approval for its diversification into the electronic manufacturing services (EMS) industry and the acquisition of Local Assembly Sdn Bhd (LA) at its EGM yesterday.
In a statement, Ge-Shen said the endorsement marked a significant advancement in its initiative to enhance business growth and expand its manufacturing capabilities.
“The approved diversification strategy involves incorporating EMS into Ge-Shen’s existing suite of manufacturing solutions, which include plastic injection moulding, precision engineering and design and prototyping.”
Ge-Shen’s shareholders also approved the 40% equity interest buy in LA, a local EMS player, for RM48mil from existing shareholders Chai Voon Sun, Gurmakh Singh and Wee Thian Song.
