TAOYUAN, TAIWAN – Zhen Ding’s, the world’s largest PCB fabricator, will obtain all common shares of Xianfeng Telecom in an all-stock acquisition.

Zhen Ding will issue 0.2 newly issued ordinary shares for each ordinary share of Xianfeng stock. The two parties have tentatively set Nov. 11 as the base date for share conversion, subject to adjustments.

The acquisition will enhance Zhen Ding’s automotive, high-frequency and communication PCBs.

Xianfeng makes flex circuits in Yangzhou, China, where it was founded in 2008.