(Bursa: 5220)

Globaltec Formation Berhad (formerly known as Temasek Formation Berhad) (“Globaltec”) was incorporated in Malaysia under the Companies Act, 1965 as a private limited company on 15 July 2011. Subsequently, it was converted into a public company under the name of Temasek Formation Berhad on 18 October 2011 and assumed its present name on 4 April 2012. Globaltec’s authorised share capital is RM1 billion comprising 10 billion ordinary shares of RM0.10 each, of which 5,273,646,248 ordinary shares have been issued and fully paid-up, giving rise to a paid up share capital of RM527.36 million. Globaltec was established for the merging of three (3) Main Market public listed companies on the Bursa Malaysia Securities Berhad, namely AutoV Corporation Berhad, AIC Corporation Berhad and Jotech Holdings Berhad and their respective subsidiary companies. After the merger, Globaltec and its group of companies (“Globaltec Group”) is now an integrated manufacturing services (“IMS”) provider, offering the following multi-disciplinary manufacturing services: Precision metal stamping; Precision machining and assembly of radio frequency microwave, photonics and medical components; Design and fabrication of precision tooling and automation equipment; Injection moulding and blow moulding; Assembly and test of semiconductor and smart card devices; and Design, manufacturing and assembly of automotive components. As an IMS Solutions provider, Globaltec Group will be able to ride on the outsourcing trends that are increasingly practiced by MNCs globally as they concentrate on their core competencies. Globaltec Group aims to do this by offering synergistic combinations of different skill-sets and technologies from different business divisions to deliver seamless services, combining design and manufacturing capabilities with logistics to its customers. By manufacturing key components and undertaking sub-assemblies for its customers, it will be able to enhance the continuity of supply and may also reduce costs for its customers. Through the current global outsourcing trends, Globaltec Group also hopes to gain a wider market and client base. Globaltec Group is also involved in plantation and mining activities.


-0.015 (-2.78%)
Range 0.525 - 0.540   (2.86%)
Open 0.540
Previous Close 0.540
Bid Price 0.510
Bid Volume 380
Ask Price 0.545
Ask Volume 150
Volume 459
Value 24,773
Delayed prices. Updated at 04 Mar 2024 17:31.
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