KUALA LUMPUR (Sept 9): Several managers at semiconductor firm SilTerra Malaysia have been arrested by the country's anti-corruption agency, parent company Dagang NeXchange Bhd (DNeX) said in a stock exchange filing on Thursday.

SilTerra Malaysia was the subject of a takeover battle in February which saw DNeX and a Chinese partner outbid Taiwan's Foxconn.

SilTerra was notified that the arrests were made on Wednesday by the Malaysian Anti-Corruption Commission (MACC) "to assist in their investigation of a potential offence".

"Based on the limited information available... the MACC investigation may potentially be related to a legacy issue," DNeX said.

MACC did not respond to a Reuters request for comment.

DNeX and Beijing Integrated Circuit Advanced Manufacturing and High-End Equipment Equity Investment Fund Center bid RM273 million to buy SilTerra from sovereign wealth fund Khazanah Nasional Bhd.

DNeX owns 60% of SilTerra while its Chinese partner holds the remainder.

In June, Hon Hai Precision Industry Co Ltd, as Foxconn is formally known, bought a 5% equity interest in DNeX via its Singapore unit.

The stake has shrunk to 3.88% following an additional listing of shares, Refinitiv data showed.

https://www.theedgemarkets.com/article/silterra-malaysia-managers-arrested-anticorruption-probe-says-dnex