KLSE:CPETECH

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CPE Technology Ties Up with Japan's Kanekita for Semiconductor Materials JV; CPE Climbs 10%

CPE Technology (KLSE:CPETECH) signed a joint venture agreement with Japan's privately held firm Kanekita to manufacture and sell materials and products using Kanekita's passivation treatment technology for the semiconductor industry, according to a Tuesday Malaysian bourse filing.Shares of CPE Technology jumped nearly 10% in Tuesday's midday trade.The Malaysian joint venture company will be 50.5%-owned by CPE and 49.5% by Kanekita under the terms of the deal.Kanekita will provide technical expertise, while CPE will contribute its manufacturing capabilities and customer network to commercialize the technology.CPE said the initial investment is not expected to have a material financial impact.

KLSE:CPETECH

Asia3h ago

CPE Technology to Form Joint Venture with Kanekita

CPE Technology (KLSE:CPETECH) signed a share purchase agreement to establish a joint venture with Japan's Kanekita, according to a Tuesday filing with the Malaysian Exchange.Under the agreement, the two parties will manufacture and sell materials and products using passivation treatment technology.The Malaysia-incorporated JV will have an initial issued share capital of 100 ringgit, with the company holding a 50.5% stake and Kenekita the remaining 49.5%.Kanekita will provide technical support to the venture and may also provide shareholder loans or advances to procure equipment, which can be later capitalized toward the unpaid portion of its shares.

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