PMB Technology Seeks Shareholder Approval to Diversify Into Silicon-Aluminium Alloy Manufacturing
Bitget2026/10/30 02:23- PMB Technology shareholders will vote on diversification into silicon-aluminium alloy manufacturing and related activities at an extraordinary general meeting on November 16, 2026.
- The proposed plant will cost approximately RM 650 million, funded by RM 500 million in bank borrowings and RM 150 million internally.
- The diversification aims to reduce reliance on silicon metal amid depressed prices and persistent oversupply.
- Directors excluding four abstaining executives recommend voting in favor of the proposal.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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