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Tuesday, October 21, 2014

IMI clarification of news reports

Security Name : Integrated Micro-Electronics, Inc.
Date : 10/20/2014
Headline : C05467: IMI clarification of news reports
Content : This is to clarify the news article entitled “IMI eyes 20% hike in capex” posted in Malaya Business Insight (Internet Edition) on October 20, 2014. The article reported in part that: “Integrated Micro-electronics, Inc., (IMI) eyes to increase its capital spending for next year as the company banks on the growth prospects of the firm both locally and overseas. Market sources said the company is looking at a 20 percent increase in capex from last year’s $27 million to expand its growth businesses in the automotive, industrial, medical, and telecommunication industries. ....” There was neither a disclosure nor a statement that the Company eyes 20% hike in capex for next year.


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