ACE Market-bound Edelteq on solid footing

TheStar Wed, May 17, 2023 12:00am - 4 months View Original

PETALING JAYA: Edelteq Holdings Bhd, which is en route to a listing on the ACE Market of Bursa Malaysia, is well-positioned to capitalise on the global semiconductor industry’s growth, according to TA Research.

Edelteq is a provider of engineering support to the chip industry.

The research firm noted that the company intends to expand capacity via construction of a new factory in Batu Kawan, Penang and plans to begin operations at the new site in March 2024.

“Estimated to cost RM15.2mil, the proposed factory with a built-up area of 43,500 sq ft will include production, storage, and office space.


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