Powermatic Data Systems Establishes New Company in Malaysia

MT Newswires

02/04

Powermatic Data Systems (SGX:BCY) established a new indirect subsidiary, Airion Communications, in Malaysia, according to a Tuesday filing with the Singapore Exchange.

Shares of the company which specializes in the design and manufacturing of wireless connectivity devices, were down over 1% in Wednesday trading.

The new subsidiary was incorporated through the company's direct subsidiary, Compex Technology, and will focus on the marketing and distribution for wireless connectivity products.

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