PETALING JAYA: Pentamaster Corp Bhd
, via its wholly-owned unit Pentamaster Innoteq Sdn Bhd (PISB), is venturing into opto-photonics through a joint investment with Taiwan-based Ahead Optoelectronics Inc (AOI) and JC Capital Ltd (JCC) of the Cayman Islands.
According to its filing with Bursa Malaysia, PISB is investing US$3mil or RM12.68mil via convertible notes for a 14.29% stake in Ahead Optoelectronics (M) Sdn Bhd.
AOI will hold the majority stake of 71.42% with a US$15mil injection, while JCC will also take up a 14.29% stake. Upon completion, Ahead Optoelectronics will have an enlarged paid-up capital of US$21mil or RM88.8mil.
Pentamaster said the investment expands its presence in advanced technology, “especially in the opto-electronics and silicon photonics segments,” and supports Malaysia’s National Semiconductor Strategy.
