PETALING JAYA: JF Technology Bhd
, via wholly-owned subsidiary JF International Sdn Bhd, is acquiring an 80% stake in Q3 Probe Pte Ltd (Q3) from Spire Manufacturing Inc for RM6mil, with an option to acquire the remaining 20% stake by Dec 31, 2027.
In a filing with Bursa Malaysia, JF Technology said Q3, a probe card manufacturing specialist based in Singapore, delivered a net profit of approximately RM767,000 in its financial year ended Dec 31, 2024.
JF Technology managing director Datuk Foong Wei Kuong said the acquisition creates strong synergies and enhances the vertical integration within the company’s test engineering solutions business.
“Q3 is currently supplying patented products to the market.
“We have plans to establish a production line in Malaysia to serve our strong customer base of more than 200 multinational corporations,” he said in the statement.
