Page 8 - Greatech Technology News Today : Breaking News, Live Updates & Top Stories | Vimarsana

co-founder and CEO Tan Eng Kee. In Forbes' 35th annual list of the world's billionaires, brothers Tan Yu Yeh and Tan Yu Wei made their debut with estimated net worths of US$1.8bil and US$1.1bil respectively. The brothers have seen their fortunes soar following the initial public offering of MR DIY on Bursa Malaysia in October last year with a market capitalisation of RM10bil upon listing. Gnanalingam was included in the list with an estimated net worth of US$1.7bil while Tan Eng Kee became another of the world's US-dollar billionaires with an estimated net worth of US$1.1bil.

A corporate exercise quietly announced a week ago seems to have gotten the notice of some investors. Pimpinan Ehsan Bhd (PEB), a company that was controlled by tycoon Tan Sri Rozali Ismail, a cash shell looking for an acquisition target, made two stock exchange filings on Feb 19. One, that Rozali and other shareholders had sold out of the company to new parties, thereby triggering a mandatory general offer (MGO) and two, that PEB was planning to acquire solar power assets. Since the announcement, PEB shares have almost doubled in a matter of a week. So why the excitement? It is likely to do w...

KUALA LUMPUR (Feb 26): Share prices of semiconductor-related companies on Bursa Malaysia are hitting record highs; so are their latest quarterly earnings. The few companies that posted record high quarterly net profits are UWC Bhd, Vitrox Corp Bhd, Inari Amertron Bhd and Greatech Technology Bhd. Fund managers and investment analysts told The Edge that the astronomical increases in earnings among semiconductor companies are expected to continue in the current year, particularly because of the chip shortage that has been accentuated by the further computerisation of consumer electronics, the im...

Mi Equipment Holdings Bhd group CEO & executive director Oh Kuang Eng. THE Top 40 Richest in Malaysia list for 2020 saw the entries of new tech billionaires from five companies, as they became beneficiaries of the China-United States trade tensions as well as a Covid-19 pandemic-induced electronic equipment demand surge, as lockdowns forced people to work from home. Net worth is computed based on the closing share price of the companies as at Dec 31,2020. It is worth noting that Penang is the base for four of the five new tech companies on the list, with the exception of Melaka-based D&O Gree...

has a PE of just 19 times. The company, which designs and develops electronic control systems, has seen its share price rising by nearly 77% from the lows of 2020. However, the current share price of RM3 remains slightly lower than the levels seen in 2017-2018. Based on its website, Uchi says it serves a wide base of multinational companies, located primarily in Europe. The region contributes over 90% of Uchi’s annual turnover. Uchi workers at the Uchi factory. However, unknown to many, Uchi (pic above) has been supplying components to one of the world’s leading ultra-low temperature (UL...