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IT is interesting to observe the outcomes when a listed company embarks on a spin-off and list its subsidiary. Typically, a subsidiary is listed to unlock greater valu
GEORGE TOWN: FoundPac Group Bhd is on target to ship out test sockets, stiffeners and laser stencils with an approximate market value of RM50mil to semiconductor test equipment customers in the United States, Europe and China for the financial year ending June 30,2020.
GEORGE TOWN: FoundPac Group Bhd plans to produce parts for the automotive industry next year.
GEORGE TOWN: FoundPac Group Bhd expects its first-half performance for the financial year ending June 30,2020 (FY20) to improve by a double-digit percentage over that of the same period a year ago, driven by the implementation of 5G infrastructure and transmission towers.
GEORGE TOWN: Based on customers’ orders, feedback and enquiries, FoundPac Group Bhd is optimistic that the value of its orders for financial year 2019 ending June 30 (FY19) would increase by a strong double-digit percentage figure to over RM35mil compared to FY18.
GEORGE TOWN: FoundPac Group Bhd expects the contract value of its high-precision engineering components to increase by at least 10% over the next two years to about RM40mil, riding on the global growth of home appliance products and semiconductor equipment spending.