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PETALING JAYA: Unisem (M) Bhd appears to be in a good position to reap new opportunities for business growth, with China-based Tianshui Huatian Technology Co Ltd (TSHT) as its major shareholder now, AllianceDBS Research says
The new guard may face difficulty in selling down shares.
KUALA LUMPUR: Blue chips closed higher on Friday, in line with most key Asian markets, while supporting investor sentiment were a firmer ringgit and rebound in crude oil prices.
Technology stocks have had a rough start to the new year.
Tech stocks the clear winners.
KUALA LUMPUR: Bursa Malaysia tracked Wall Streets sharp decline on Christmas Eve, amid a cloud of political uncertainty in Washington.
KUALA LUMPUR: Investors were confronted with another tough day ahead on Friday after the overnight slide on Wall Street further dented sentiment again and sent key Asian markets and the FBM KLCI lower.
PETALING JAYA: The board of Unisem (M) Bhd has advised minority shareholders of the semiconductor company to reject a takeover offer led by the founders and a few China-based buyers.
KUALA LUMPUR: The board of Unisem (M) Bhd has advised the minority shareholders of the semiconductor company to reject the takeover offer led by the Chia family, SCQ Industries Sdn Bhd and Tianshui Huatian Electronics Group Co.
AMINVESTMENT Bank Research is maintaining its “accept offer” recommendation on Unisem at the offer price of RM3.30 per share, which represents a 32% upside from its fair value of RM2.50 per share.