The Ayala Group’s Integrated Micro-Electronics Inc. expects significant savings from downsizing operations across key markets in the United States and Asia.
The Institute of Corporate Directors recognized Ayala group’s listed companies for their strong corporate governance, awarding them multiple Golden Arrows during the recognition event on Sept. 19.
Ayala Corp. listed manufacturing arm Integrated Micro-Electronics booked a net loss of $8.8 million during the first semester of the year while revenues slumped 18 percent to $566 million.
The Ayala Group's Integrated Micro-Electronics Inc. announced that its troubled German subsidiary, VIA optronics AG, will voluntarily delist its shares from the New York Stock Exchange (NYSE).