Acquiring loss-making firms: Gamble or win?

For Globetronics, the purchase of Mpire provides an opportunity to diversify beyond the semiconductor sphere.

THE chase for loss-making companies continues, with Globetronics Technology Bhd acquiring loss-making Mpire Global Bhd.

This follows Flexidynamic Holdings Bhd’s purchase of loss-making manufacturer of glove formers, Formtech Engineering (M) Sdn Bhd, for RM10.39mil back in June.