Our Future Home in Year 2019
Our Company was incorporated in Malaysia under the Act on 19 June 2017 as a private limited company under the name of Mi Equipment Holdings Sdn Bhd. Our Company was incorporated for the purpose of being an investment holding company and listing vehicle for our Group pursuant to our Listing.
On 6 July 2017 and 2 August 2017, we entered into share sales agreement to acquire 100% equity interest in Mi Equipment (M) Sdn Bhd and Mi International Pte Ltd respectively. The acquisitions were completed on 6 July 2017 and 2 August 2017 respectively. Consequentially, Mi Equipment (M) Sdn Bhd and Mi International Pte Ltd became wholly-owned subsidiaries of Mi Equipment Holdings Sdn Bhd.
Subsequently, on 23 August 2017, our Company was converted into a public limited company and since then, assumed our current name, Mi Equipment Holdings Berhad. On 27 Dec 2018, the Company has change it's name, known as Mi Technovation Berhad.
Our Company's principal activity is investment holding, whilst our Group is principally involved in the design, development, manufacture and sale of WLCSP sorting machines with inspection and testing capabilities for the semiconductor industry. We are also involved in the provision of maintenance services and technical support for these machines, as well as the sale of related spare parts and components. Our machines are developed in-house with the capability and expertise of our development engineering team. The experience and technical expertise of our team has enabled our Group to develop products that meet the requirements of both our local and international customers.