MPI aims upwards

WHEN Inari Amertron Bhd announced its intention to jointly acquire loss-making Lumileds Holding BV two months ago, investors reacted with scepticism, sending its share price tumbling.

But when Malaysian Pacific Industries Bhd (MPI) unveiled plans to buy Infineon Technologies’ loss-making Thailand unit, Infineon Technologies (Thailand) Ltd (IFTH), the response could not have been more different.