Winbond Electronics Corp., HannStar Board Corporation and Prosperity Dielectrics Co., Ltd. cancelled the acquisition of 20.55% stake in Chin Xin Investment Co., Ltd. from Walsin Lihwa Corp..
November 12, 2013 at 04:00 am
Share
Winbond Electronics Corp. (TSEC:2344), HannStar Board Corporation (TSEC:5469) and Prosperity Dielectrics Co., Ltd. (GTSM:6173) agreed to acquire 20.55% stake in Chin Xin Investment Co., Ltd. from Walsin Lihwa Corp. (TSEC:1605) for approximately TWD 500 million on November 12, 2012. Winbond Electronics will acquire 40 million shares, HannStar Board Corporation will acquire 6.5 million shares and Prosperity Dielectrics will acquire 3.5 million shares of Chin Xin Investment at TWD 10.096412 per share. On completion, Walsin Lihwa Corp. will own 79.44% stake in Chin Xin Investment Co., Ltd. In a related transaction, Chin Xin Investment Co., Ltd agreed to acquire Ta Cherng Investment Co., Ltd. and Win Investment Corporation. The proposal for acquisition is approved by the Board of Directors of Winbond Electronics Corp. and ratified by the supervisors. The disposal was resolved by the Board of Directors of Walsin Lihwa Corp. Walsin Lihwa will record a disposal loss of TWD 210 million and deferred disposal loss of TWD 55 million.
Winbond Electronics Corp. (TSEC:2344), HannStar Board Corporation (TSEC:5469) and Prosperity Dielectrics Co., Ltd. (GTSM:6173) cancelled the acquisition of 20.55% stake in Chin Xin Investment Co., Ltd. from Walsin Lihwa Corp. (TSEC:1605) on November 12, 2013.
PROSPERITY DIELECTRICS CO., LTD. is a Taiwan-based company principally engaged in the manufacture, processing and sales of semiconductor components. The Companyâs primary products include ceramic dielectric powders, disc type semi-conductive capacitor elements, multilayer ceramic chip capacitors, chip resistors, diodes and coils. The Companyâs products are mainly used in the manufacturing of circuits and elements for information, communication and consumer electronic products. The Company mainly operates through two business segments: Taiwan segment and the Mainland China segment. The Company mainly distributes its products in domestic markets and to overseas markets, including the rest of Asia, the Americas and Europe.
PROSPERITY DIELECTRICS CO., LTD. 
