KUALA LUMPUR (July 24): Shares of Inari Bhd rose in active traded after it resumed trading on Tuesday.
The company signed a Sales and Purchase Agreement (SPA) yesterday, for the acquisition of a 100% equity interest in Amertron Inc (Global) Limited (Amertron Global) for a purchase consideration of USD 32 million (approximately RM 101.8 million).
At 9.10am, Inari added two sen to 38.5 sen with 1.57 million shares traded.
Established in 2006, Inari is a Penang-based company, located in the Free Industrial Zone and provides semiconductor packaging services in Radio Frequency (RF) mobile industry and includes back-end wafer processing and RF testing.
Inari’s finished products are System in Package (SiP) and Quad Flat No-Lead (QFN), which are crucial components used in the manufacturing of electronic products.
Their products are mainly used in the wireless telecommunications, including mobile devices, cellular phones, smartphones, wireless communications as well as in the medical sector.
Inari on the other hand, ships their manufactured parts to main principals such as Avago Technologies (Avago) which will thereafter send them to customers worldwide.
Currently, a total of 1.4 billion units were produced in the financial year 2011 and were shipped from Singapore to approximately 10 to 20 countries.