Dongshan Precision plans to purchase PCB manufacturing assets for USD 290 million

According to the micro-network news, Dongshan Precision recently disclosed a plan for major asset purchases. The company plans to acquire NASDAQ listed company FLEX's related PCB manufacturing business related entities in cash, specifically Zhuhai Chaoyi Electronics and Zhuhai Chaoyi Technology. Zhuhai Chaoyi Industrial has a total of 100% equity in 11 companies. The target company is collectively known as Multek, and the underlying transaction price is 292.5 million US dollars.

According to statistics, Mulltek is a world-leading multinational professional printed circuit board manufacturer under the Flextronics International Group. Its products are mainly used in communications equipment, enterprise servers, consumer electronics, and automotive industries. Major customers include international companies. Well-known companies, with good customer resources. At present, Multek has several product development centers and manufacturing plants in North America, Europe and Asia. The company employs more than 10,000 people worldwide. Manufacturing includes BGA substrates and sixty-eight layers of backplanes. Printed circuit board products to provide customers with global, multi-location solutions.

Dongshan Precision said that after the completion of the transaction, the company will form a complete PCB product portfolio covering rigid circuit boards, rigid-flexible circuit boards, and flexible circuit boards, which will rapidly enrich the company’s PCB product structure and enhance the overall competitiveness of the company’s PCB business; While meeting various needs of customers, the company will strengthen the joint development, design, and development of existing communication equipment products, FPC, LED devices, LCM modules, touch panel products and Multek PCB products, and integrate development of assembly, distribution, etc. Supporting services for downstream customers to provide comprehensive, three-dimensional, one-stop precision manufacturing services. In addition, Dongshan Precision stocks continue to be suspended.

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