ID :
25838
Tue, 10/21/2008 - 19:05
Auther :
Shortlink :
https://www.oananews.org//node/25838
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Samsung Electro to acquire Chinese circuit board maker
SEOUL, Oct. 21 (Yonhap) -- Samsung Electro-Mechanics Co., a South Korean electronics components maker, said Tuesday it signed a deal to acquire a Chinese circuit board manufacturer for 27.1 billion won (US$20.44 million).
Through the buyout deal with J-Three International Holding Co. of Taiwan, Samsung
will take an over 95-percent share of Unicap Electronics Industrial Co. effective
November 30, the company said in a regulatory filing.
J-Three currently controls Unicap, based near Shanghai, which specializes in
producing circuit boards in liquid-crystal displays.
The South Korean company, a parts manufacturer under Samsung Group, said it
expects its circuit board production, its flagship business, to gain further
competitiveness through the acquisition. It currently has three production
complexes in China.
Through the buyout deal with J-Three International Holding Co. of Taiwan, Samsung
will take an over 95-percent share of Unicap Electronics Industrial Co. effective
November 30, the company said in a regulatory filing.
J-Three currently controls Unicap, based near Shanghai, which specializes in
producing circuit boards in liquid-crystal displays.
The South Korean company, a parts manufacturer under Samsung Group, said it
expects its circuit board production, its flagship business, to gain further
competitiveness through the acquisition. It currently has three production
complexes in China.
