| Type | Announcement |
| Subject | OTHERS |
| Description | RELOCATION OF CORPORATE HEADQUARTER |
The Board of Directors of MI TECHNOVATION BERHAD (“Board”) wishes to announce that the Company will relocate its Corporate Headquarter to Singapore. The relocation is in line with the growth and expansion of the Company internationally, with Singapore offering a more strategic location to manage the Company’s various Business Units (BU) globally.
The Penang facility will solely serve as the headquarter for the Semiconductor Equipment Business Unit (SEBU) while the Tainan facility will remain as the headquarter for the Semiconductor Material Business Unit (SMBU). The newly setup Semiconductor Solution Business Unit (SSBU) will have its headquarter in Singapore.
The Board believes that moving forward, the relocation of the Company’s Corporate Headquarter is in the Company’s best interest as it will improve the efficiency of the corporate top management to manage the various BU globally.
The registered office and the principal place of business of the Company remain unchanged.
This announcement is dated 30th September 2022
| Company Name | MI TECHNOVATION BERHAD |
| Stock Name | MI |
| Date Announced | 30 Sep 2022 |
| Category | General Announcement for PLC |
| Reference Number | GA1-27092022-00034 |