AISIN Completes Acquisition of 80% Stake in INOFINE CHEMICALS SDN BHD

On January 2, 2025, AISIN Corporation announced the completion of its acquisition of an 80% stake in INOFINE CHEMICALS SDN BHD. This acquisition, approved on September 30, 2024, involved an investment of 14 million Malaysian Ringgit (MYR) through AISIN's wholly-owned Singapore subsidiary.

Transaction Highlights

AISIN has completed the payment of the full transaction amount.

INOFINE CHEMICALS SDN BHD has finalized its corporate registration changes in Malaysia and issued the Share Certificate to AISIN’s Singapore subsidiary.

AISIN now officially holds an 80% stake in INOFINE, and the company is consolidated into AISIN’s financial statements as of the date of the ownership transfer.

About INOFINE CHEMICALS SDN BHD

Founded in 2009, INOFINE is one of Malaysia's pioneering companies specializing in wet electronic chemicals for the semiconductor industry. Its products are widely used in semiconductor manufacturing processes, and the company has established itself as a key player in this niche.

Strategic Implications for AISIN

AISIN's acquisition of INOFINE is part of a broader strategic move to:

Expand Presence in Southeast Asia: This acquisition provides AISIN with a strong foothold in the burgeoning Southeast Asian semiconductor market.

Enhance Global Operations: The move aligns with AISIN’s goal of accelerating its international growth and expanding its global footprint.

Strengthen Leadership in Wet Electronic Chemicals: By integrating INOFINE’s capabilities, AISIN aims to solidify its position as a leader in wet electronic chemicals, a critical component of the semiconductor supply chain.

Future Outlook

This acquisition marks a significant milestone in AISIN’s international growth strategy. Leveraging INOFINE’s established market presence in Malaysia, AISIN is well-positioned to cater to the increasing demand for advanced chemical solutions in Southeast Asia’s rapidly growing semiconductor sector.