CEO Ng Yew Nam discusses walking into a governance crisis, why customers stayed loyal through a three-year trading suspension, and what it takes to rebuild a listed company from the inside out.
For every semiconductor chip that goes into a piece of consumer electronics, it first has to be placed into a plastic carrier tape, sealed, and wound onto a reel.
Why?
Simply put: so it can be fed into an automated assembly machine at maximum efficiency. Without this step, modern electronics manufacturing would grind to a halt.
Since 1999, ASTI Holdings has been in the business of doing this at scale. Headquartered in Singapore with factories in Malaysia, the Philippines, China, and Scotland, the group describes itself as one of the world’s largest independent providers of tape-and-reel packaging services for semiconductors.
For much of the past four years, however, ASTI Holdings has been better known for a governance crisis that left its shares suspended and annual reports years overdue....