NationGate Holdings Berhad entered into a Share Sale Agreement to acquire Hesechan Industries Sdn Bhd from Heap Seong Chan Company Sdn Bhd for MYR 25 million.

NationGate Holdings Berhad is a Malaysia-based electronic manufacturing services (EMS) provider. The Company is focused on the assembly and testing of electronic components and products to produce completed printed circuit boards (PCB), semi-finished sub-assemblies and fully assembled electronic products, as well as semiconductor devices. The Company offers various services such as high precision SMT (surface mount technology), high level assembly, semi-conductor process, high precision low pressure molding and advanced laboratory. Its value-added services include prototyping for manufacturability, supply chain management, testing and inspection, and packaging. Its customer segments include networking and telecommunications, data computing, industrial instruments, consumer electronics, automotive, semiconductor, and others, including medical devices, Internet of Things (IoT), household electronic products and analytical instrumentation devices.