Young Fast Optoelectronics Co. Ltd. cancelled the acquisition of additional 35% stake in Lite-on Young Fast Co., Ltd from Lite-On Mobile Pte. Ltd.
September 15, 2012 at 05:00 am
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Young Fast Optoelectronics Co. Ltd. (TSEC:3622) entered into an agreement to acquire an additional 35% stake in Lite-on Young Fast (Huizhou) Co., Ltd from Lite-On Mobile Pte. Ltd. for $3.3 million in cash on September 15, 2011. Lite-On Mobile Pte. Ltd and Young Fast Optoelectronics Co. had 65% stake and 35% stake in Lite-on Young Fast (Huizhou) Co., Ltd respectively. Lite-on Young Fast (Huizhou) Co., Ltd had profit of CNY 2.1 million ($0.32 million) for the last fiscal year. The conversions were done through www.oanda.com as on December 31, 2010.
Young Fast Optoelectronics Co. Ltd. (TSEC:3622) cancelled the acquisition of additional 35% stake in Lite-on Young Fast (Huizhou) Co., Ltd from Lite-On Mobile Pte. Ltd. on September 15, 2012.
Young Fast Optoelectronics Co., Ltd is principally engaged in the development, design, manufacture and distribution of touch panels and others. The Company operates its business through two segments: Optoelectronic segment and Mechanical and Electronic segment. The Optoelectronic segment provides projection capacitive touch panels and four-wire resistance touch panels. The Mechanical and Electronic segment provides 69- and 161-kilovolt (KV) connection boxes, 69- and 161-KV terminal boxes and 69- and 161-KV power cable protection equipment. Its touch panels are applied in manufacture of smart phones, mobile phones, personal navigation devices and other consumer electronics. The Company distributes its products within domestic market and to overseas markets.
YOUNG FAST OPTOELECTRONICS CO., LTD. 
