AIC Semiconductor Sdn. Bhd. announced that it expects to receive MYR 41.355 million in funding from Suzhou Good-Ark Electronics Co., Ltd.
January 01, 2019
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AIC Semiconductor Sdn. Bhd. announced a private placement of common shares for gross proceeds of MYR 41,355,000 on January 2, 2019. The transaction will include participation from the returning investor Suzhou Good-Ark Electronics Co., Ltd. (SZSE:002079). Post completion of the transaction, the investor still holds 100% stake and the registered capital of the company will increase from MYR 66,885,000 to MYR 108,240,000. The transaction has been approved by the board of directors of the investor in its 8th meeting of the 6th directorate and doesn't need the shareholders’ approval.
SUZHOU GOOD-ARK ELECTRONICS CO., LTD. is a China-based company, principally engaged in the discrete devices and integrated circuit packaging businesses. The Company mainly offers diodes, bridge rectifiers, surface mounted devices, photovoltaic bypass integrated modules, quad flat no-lead (QFN) package integrated circuit (IC) products and dual flat no-lead (DFN) package IC products, as well as accelerometers and solar silver products. Its products are applied in power supply devices of aerospace, automotives, green lightings, information technology (IT), household appliances, large equipment, and other fields. The Company distributes its products within domestic market and to overseas markets.
SUZHOU GOOD-ARK ELECTRONICS CO., LTD. 
