MI Technovation open to M&A to diversify operations
MI Technovation Bhd said one of the potential M&A targets is involved in semiconductor materials used for automotive semiconductor applications. PETALING JAYA: MI Technovation Bhd is open to exploring mergers and acquisitions (M&A) to diversify into automotive semiconductor applications. The company this week announced that it was raising RM271mil via a private placement. Of this amount, it plans to put aside RM187mil or 69% of the proceeds for M&A and/or investments that will be related to the semiconductor equipment and semiconductor materials business units. This will give the company expo...
Source: thestar.com.my