KUALA LUMPUR: Globetronics Technology Bhd has assured its stakeholders that APB Resources Bhd‘s proposed acquisition of a 10.4% stake in the company and subsequent change in major shareholder is not expected to substantially impact its daily activities.
“We are focused on strengthening our existing business platform while strategically diversifying our customer base to exciting new growth areas such as automotive, medical and power devices in delivering healthy growth and consistent performance with our new strategic partner,” said the group in a statement.
It said it is actively exploring potential areas in Advanced Packaging to anchor the group’s business base.
“Committed to growth and diversification, the group is engaging in the design and development of new products alongside customers, aiming to enhance revenue and move up the value chain,” it added.
“The IMR Report suggests E&E exports from Malaysia reaching RM629.1bil in 2023 and growing at a CAGR of 7.9%, potentially hitting RM867.83 billion by 2027.
“This projected growth highlights the group’s significant potential for expansion and enhanced shareholder value.”
Source: The Star