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EDELTEQ HOLDINGS BERHAD ("EDELTEQ" OR THE "COMPANY") - PROPOSED INVESTMENT OF A 51% EQUITY INTEREST IN NIXMA TECHNOLOGY (M) SDN. BHD. ("NIXMA") FOR A TOTAL CONSIDERATION OF RM15,300,000 ("PROPOSED INVESTMENT")
KUALA LUMPUR (Oct 26): Semiconductor equipment maker Edelteq Holdings Bhd (KL:EDELTEQ) plans to invest RM15.3 million for a controlling 51% stake in Nixma Technology (M) Sdn Bhd, as it seeks to expand its factory automation capabilities and diversify its earnings base across more industrial sectors.