Globaltec securities trade suspended

TheEdge Tue, Jul 28, 2020 11:52am - 3 years View Original


KUALA LUMPUR (July 28): Globaltec Formation Bhd's securities trade has been suspended since 10:59am today pending an announcement, according to the company's Bursa Malaysia filing.

Prior to the suspension, Globaltec shares were traded unchanged at 35 sen for a market value of RM96.87 million.

Globaltec's website indicates that the group was established via the merger of three Bursa Main Market-listed companies, namely AutoV Corp Bhd, AIC Corp Bhd and Jotech Holdings Bhd.

Following the merger, the group is primarily an integrated manufacturing services solutions provider offering services including precision metal stamping besides design, production and assembly of automotive components, Globaltec said.

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