Unimicron held its board meeting on October 13, deciding that its subsidiary UniClover Holding Limited holding its 75% shares will gain 100% stock rights of 28,730 ordinary shares of Clover Electronics Co., Ltd. (hereinafter referred to as CLOVER) with 1.9 billion Japanese Yen, and that its parent company ARRK Corporation will gain the creditor’s right of money of 1.2 billion Japanese Yen of CLOVER with 1.2 billion Japanese Yen. After the transaction, Unimicron indirectly will hold 75% shares of CLOVER.
Established in 1984, CLOVER mainly manufactures and sells PCB, with operation headquarters in Hokkaido, Japan. Its annual turnover in the fiscal year (2010/04~2011/03) was 5,034 million Japanese Yen, pre-tax loss was 72 million Japanese Yen, and total value of assets was 6,110 million Japanese Yen. Its products are mainly used in mobile phones and related module products.
This investment plan mainly examines CLOVER’s HDI process capability and the advantage of being close to market. It is expected to enhance industrial competitiveness through technology and productivity cooperation as well as reinforcement of service co-developed by the company and its customers in the early days, so as to provide better products, technology and service for customers.
Issued by: Financial Department and Investment Relation Department