KUALA LUMPUR (Sept 20): Unisem (M) Bhd has extended the planned closure of its plant in Batam, Indonesia to March 2020, instead of Sept 30 this year, to service last time orders for some customers.

However, Unisem told Bursa Malaysia that operations at the plant, held under the group’s indirect subsidiary PT Unisem, has been scaled back.

On June 28, Unisem announced to the stock exchange that PT Unisem will discontinue operations due to continuing losses over the years since 2011. “Despite recent investments, the business outlook for PT Unisem continues to be weak,” it said.

Unisem’s share price fell five sen or 2.43% to RM2.01 today, giving the group a market capitalisation of RM1.46 billion.