Finally Khazanah sells SilTerra for RM273mil

PETALING JAYA: Khazanah has sold SilTerra Malaysia Sdn Bhd to Dagang NeXchange Bhd (DNeX) and a Chinese firm for RM273 million, according to a report.

The Edge reported that DNeX and Beijing Integrated Circuit Advanced Manufacturing and High-End Equipment Equity Investment Fund Center (CGP Fund) signed a share sale and purchase agreement to take over the semiconductor unit.

Citing a statement by DNeX, it said the firm will acquire a 60% equity stake in SilTerra for RM163.8 million while CGP Fund will obtain the remainder for RM109.2 million.

“The purchase consideration for DNeX will be funded through a combination of proceeds to be raised from a proposed private placement, internally-generated funds and/or borrowings,” according to the financial daily.

Setelah pendedahan Najib, SilTerra akhirnya dijual kepada syarikat Malaysia

DNeX and CGP Fund will also be injecting at least RM200 million to the company.

“From the capital injection, approximately RM150 million will be mainly utilised as capital expenditure to upgrade SilTerra’s equipment and manufacturing capabilities in new technologies, with the remaining allocated for working capital.

“Based on DNeX’s 60% equity stake, the capital injection by DNeX shall amount to approximately RM120 million,” DNeX said.