The announcement meant nothing. It is just to reflect the changes after Madam Voon has been reinstated as the CFO. Indirect become direct stake

Malaysia doesn't have the necessary talents to develop & to market certain type of products. A good example is their latest LAB machine developed and market to an OSAT in Korea. However, I believe when the product gets enough scale and adoption, they will move the manufacturing to wherever that is cheaper. Who knows maybe back at their HOME 2 factory in Malaysia?

resignation of auditor. the books must be too smelly

Judging the company just merely on the day-to-day price trading basis you will go crazy. Get in at the right price and come back again in two years time. Exciting times a head when China is betting big on "little giants"

Such a volume and such a rapid sell it has to be institutional investors conducting portfolio rebalancing

Post removed.Why?

@家俊

Thank you very much for your insight on this. This is something we all will appreciate in this space. But this is solely a software matter. I don't see how this software issue is related to its investment choice in China hence rendered they did a wrong investment as what you said earlier on? Can explain a little more, thank you?

@俊 家

You said it was a wrong investment, but you didn't elaborate further in what technical perspective, and which exactly and how the investment went wrong, apart from just suggesting employee resigned= bad company? Employees come and go and optimizing headcount and managing cost is the essence of running a company. I would be worried if the boss doesn't take this aspect into account in his business management. Further to this point, how is that merging autobotics back to HQ its a bad move?

I understand that some investors in Mi is frustrated when they compare to ATE peers like VItrox/Penta. But so you know, not all ATE equipments are the same. Just like steel industry. Strong sales in metal sheet products doesn't necessarily mean steel rebars sells well. The same is for ATE. MI specializes on wlcsp equipments which unfortunately didn't ride the same boom like the others which are mainly driven by automotive chips demand. Automotive chips are manufactured using higher nodes (nm) [due to reliability concerns] whereby wlscp and its portfolio of equipments which are mainly for higher end chips in mobile phone etc are not being utilized in the automotive space just YET. However, if you are in the semiconductor long enough, you will understand that the trend for that space will only get more advance hence the demand for more sophiscated chips.

Therefore to sum up my point, I invest in tech counters like MI and other counters is based on its underlying technology and how they navigate itself over the next few years on the ever changing industry, not based on some ex-employee's experience and jobstreet review, which isn't my own first hand experience anyway which can be very biased. A good example, is google. Would u call google a bad company after many staff quit just because the company doesn't allow flexible work hours/work from home full time?

I believe everyone here would really appreciate your input if you can lay your arguments in a more technical perspective so that everyone here including myself can learn.

@jonathanlum

1. your argument that any company that takes investors money is a bad company. that's a keen to saying all companies that went for listing (which took investors money by selling equity for expansion) are bad business haha. Who doesn't know that organic expansion using internal generated funds from operations are the best way. But sometimes window of opportunity to acquire doesn't come often and at the perfect timing where the company has all the cash to buy. If you really go deep into the technical side of advanced packaging technology semicon (bump and pitches for scaling), you will understand why the acquisition (Accurus) make a lot of sense.

to your question which local tech company has done any acquisition before? oh boy, please look at a Inari. https://www.theedgemarkets.com/article/inari-enhances-its-earnings-bas... . And what happpened to their earnings after 9 years.....no need to list down here i guess?

@cyeec2000 still waiting eagerly for mr david's reply. i have all the time waiting....

@David Lee can you further explain more what you meant by wrong investment? which particular investment went wrong?

mountain debt with only 60+ million cash on hand. how to survive?

Growing trade receivables that doesn't translate to cold hard cash. More trade receivables to be written off?

shark gonna push back to 0.06 cents and below ?

momentum slowing ady...shark waiting to trigger sell in next 30 mins

to those that bought 0.065 time to reap your profits

shark done playing with you guys. Time to distribute

confirm trap..i suspect it will spike for 10 mins from opening and sell down towards closing

winding up process min 1 year la...in the meantime bottom fish sell high

looks like a trap to me. Closing 0.055?