Friday, May 29, 2015Friday, May 29, 2015

Jubilee Industries to buy 26% of electronic manufacturing services firm

Published on Jul 13, 2014 7:14 PM

SINGAPORE - Jubilee Industries Holdings, an associate company of commodities firm WE Holdings, is buying 26 per cent of Malaysia's largest electronic manufacturing se

rvices player.

It will pay $8.4 million for the stake in EG Industries, the companies said in a joint statement on Sunday.

Jubilee Industries has also inked a memorandum of understanding to buy WE Holdings' electronic components unit, WE Components, for an undisclosed "mutually agreed sum".

Enjoy 2 weeks of unlimited digital access to The Straits Times. Get your free access now!