KUALA LUMPUR (Dec 18): Mi Technovation Bhd today proposed the acquisition of a 99% stake in the Taiwanese firm Accurus Scientific Co Ltd for RM217.01 million.
This follows the group’s signing a memorandum of understanding with Accurus and its shareholders in early October for the purpose of due diligence and negotiations related to its proposed acquisition of all or part of the equity interest in Accurus.
In a filing today, Mi Technovation said the purchase of the 99% stake will be satisfied via the issuance of 74.25 million new shares at RM3.65 per share.
Accurus is involved in the manufacturing of solder spheres which are widely used in advanced packaging such as ball grid array and wafer level packaging in the semiconductor industry. The principal markets for Accurus is Taiwan and China.