GCL-Poly to Acquire PCB Maker Same Time Holdings | Print |  E-mail
Written by Mike Buetow   
Friday, 14 February 2014 15:51

CHINA -- GCL-Poly will spend $186 million for a majority stake in printed circuit board fabricator holding company Same Time Holdings, the company announced today.

Under terms of the agreement, which is subject to shareholder approval, GCL, a polysilicon and wafer manufacturer, will take a 68% stake in Same Time and would also acquire its investment holding subsidiary Same Time International.

Same Time reportedly agreed to the deal in an attempt to diversify into solar project development.

Same Time, whose fiscal year ends in March, had fiscal 2013 sales of HK$1.42 billion ($180 million). Its subsidiaries include Same Time International (B.V.I.), Dongguan Red Board, Dongguan Same Time Electronics, Red Board (Jiangxi), Red Board, Red Board Macao Commercial Offshore and Same Time Electronics (B.V.I.), and has operations in Hong Kong, Macao and mainland China, according to Dr. Hayao Nakahara.


Last Updated on Friday, 14 February 2014 20:35
 

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