MELAKA, MALAYSIA – Goh Seng Chong and a Singaporean group have made a $40 million bid for Cubic Electronics, a manufacturing segment of Creative Technology Ltd.
Goh, former VP and GM of Cubic Electronics, and his partner have acquired 80.1% interest and control of the company.
Cubic is the largest manufacturing facility for Creative Technology with 1.2 million sq. ft. and approximately 2,500 employees.
Acquisition reportedly should be completed by the end of May.