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New opportunities for business growth seen for Unisem

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

Noting the potential synergy to be reaped from the partnership, the brokerage said, “from Unisem’s perspective, TSHT as a partner and major shareholder would help Unisem in enhancing its packaging technology (particularly for fan-out wafer-level package) as well as the expansion of its Chengdu plant.

Unisem major shareholders in a dilemma

The new guard may face difficulty in selling down shares.

Securing buyers: John Chia and the other major shareholders will have to either convince Bursa Malaysia to give the company time to rectify the shortfall in the public spread, or find a party that is willing to take up the stake at a favourable price.

Blue chips close higher, ringgit firmer, crude oil up

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 shares continue to fall in the new year

Technology stocks have had a rough start to the new year.

Still No. 1: At present, Samsung still commands the biggest global smartphone market share at 20.3% in the third quarter of 2018, followed by Huawei at 14.6%, Apple 13.2%, Xiaomi 9.7% and Oppo 8.4%. — AFP

Top 50 gainers in percentage terms

Tech stocks the clear winners.

Winning bets: Aside from technology and consumer stocks, a number of rubber glove companies also made it to the Top 50 gainers. — AP

Bursa, Asian markets slide on political uncertainty in Washington

KUALA LUMPUR: Bursa Malaysia tracked Wall Streets sharp decline on Christmas Eve, amid a cloud of political uncertainty in Washington.

Another tough day ahead for stock markets

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.

Unisem minorities advised to reject takeover offer

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.

Although the offer price represents a premium in the historical share price analysis, it is below the range of the ascribed equity value per Unisem share.

Unisem board, independent adviser tell minorities to reject takeover offer

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.

The board concurred with independent adviser Public Investment Bank’s evaluation and recommendation that the offer is “Not Fair”  and “Not Reasonable” and recommends the minority shareholders to reject the offer.

Analyst reports

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.