Our website is made possible by displaying non-intrusive online advertisements to our visitors.
Please consider supporting us by disabling or pausing your ad blocker.
Edelteq is no longer an ordinary ACE Market company. It is a company that is changing its structure in a big way. It shows strong growth in its latest financial results. The company recorded RM83.7 million in revenue for the recent quarter. It only recorded RM4.88 million in the same quarter last year. The jump shows one of the fastest growth rates on Bursa Malaysia. The company also reported RM3.43 million in net profit. It reported RM614,000 in the same quarter last year. The numbers show rapid expansion and better efficiency.
Edelteq is also building a stronger base for its business. The company plans to buy 24% of Solid Point Precision Manufacturing. Solid Point produces precision parts for the semiconductor industry. AER, an independent valuer, estimated Solid Point’s equity value at RM81.49 million to RM87.75 million. The valuation supports the importance of the acquisition. The move helps Edelteq control its supply chain. It improves product quality. It creates more income opportunities for the future.
Edelteq is also gaining more recognition in the technology sector. Halovision System Sdn. Bhd., a joint venture owned by Edelteq, secured an investment of up to RM3.2 million. The investor is Kumpulan Modal Perdana (KMP). KMP is a government-linked venture capital firm. It is 99.99% owned by the Ministry of Finance, Incorporated. It operates under MOSTI. The investment shows strong confidence in Edelteq’s technology plans. The funds will support the development of Halovision’s Raptor and i-Falke inspection systems. The systems target substrate panel and wafer-level semiconductor inspection. The project moves Edelteq toward higher-value research and manufacturing. It also places the company within Malaysia’s national plan for semiconductor growth and Industry 4.0.
Edelteq also proposes a bonus issue of free warrants. The plan includes 292.9 million warrants on a 1-for-2 basis. The exercise price will be set at a discount of up to 20% to the 5-day VWAP. The structure gives shareholders more exposure to future gains.
