Dagang Nexchange Bhd
’s (Dnex) ambitions to become a technology heavyweight are getting bigger.
Two weeks ago, Dnex announced a plan to form a joint venture (JV) with Taiwan-based Hon Hai Precision Industry Co Ltd, better known as Foxconn, to build a new wafer fabrication plant.
Although the announcement did not mention a figure of the investment involved, CGS-CIMB Research has pegged it at US$4bil (RM17.6bil), which is almost 5.6 times Dnex’s own market capitalisation of RM3.15bil.
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