7 days ago
Edelteq unit in JV with Halo Technologies
PETALING JAYA: Edelteq Holdings Bhd 's wholly owned subsidiary Edelteq Ventures Sdn Bhd has formed a joint venture (JV) with Halo Technologies Sdn Bhd to manufacture and commercialise automated optical inspection (AOI) machines.
The JV company, called Halovision System Sdn Bhd, will target applications in Substrate Panel (Raptor series) and semiconductor wafer Level (i-Falke series) inspection.
Edelteq and Halovision will each have a 50% share in the joint venture.
In a filing with Bursa Malaysia, Edelteq said the JV will provide a potential new income stream through profit-sharing from the JV company, with scalability across regional markets.
'The board believes that the proposed joint venture will contribute positively to the future performance and competitiveness of the Edelteq group. The proposed JV is not expected to have any material effect on the earnings per share, net assets per share, gearing, share capital and the substantial shareholders' shareholdings of Edelteq for the financial year ending Dec 31, 2025,' it said.
