The MD disposed about 17.43% @2.50 per share to this new strategic investor and maintained a 3.08% of share to observe the partnership of new strategic investor. Certainly, a big plan is on the card.
Apart from supplying autoparts to Perodua, the MoU with MARii indicate that the company is ambitious to tap into EV markets leveraging on its current capabilities in the sensors and auto-camera segment. reuters.com/companies/MCEI.KL/key-developments
Stay watching for more updates
** Please note that this is not a buy/sell recommendation. ** The shares float is rather small so trade at your own risk. Buy on dip preferred.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.