KUALA LUMPUR (Jan 18): Edelteq Holdings Bhd has signed Memoranda of Understanding (MOU) with a Chinese company and a Malaysian outfit to start semiconductor-related businesses locally and abroad.
According to a bourse filing on Friday, it said it had inked one MOU with China-based CYG Semiconductor Equipment (Zhuhai) Co Ltd to set up two companies — one in China and another in Malaysia — that will be involved in semiconductor-related businesses.
Edelteq is an engineering support provider for integrated circuit assembly and test processes.
Under the MOU with CYG, Edelteq said the entity in China will be involved in semiconductor equipment design, manufacturing and the sale of substrate wafer automatic optical inspection.
Meanwhile, the Malaysian entity will deal with semiconductor equipment design, manufacturing and sale of IGBT module packaging machines.
Under the agreement, both parties agree that Edelteq would hold a 51% stake in the Malaysian company, while CYG would hold 51% in the entity to be incorporated in China.
According to the filing, CYG — which is principally involved in the research and development, manufacturing and sale of semiconductor equipment — is an 83.33% indirect subsidiary of Changyuan Technology Group Ltd, a public-listed company in the Shanghai Stock Exchange.
In a separate filing, Edelteq said it also inked an MOU with local optical inspection system firm Halo Technologies Sdn Bhd (HTSB) to set up a business involved in semiconductor design, manufacturing, and sale of substrate automatic optical inspection (AOI) system.
HTSB does research & development work, including designing, development and selling of optical inspection systems using artificial intelligence technology, Edelteq’s bourse filings on Friday showed.
Edelteq share price closed up 2.5 sen or 10% at 27.5 sen, giving the company a market capitalisation of RM146 million.
Last year, the company raised RM24 million from its initial public offering (IPO) based on the issuance of 100 million new shares at 24 sen apiece.