ASIA– Samsung Electro-Mechanics has signed a buyout deal with J-Three International Holding of Taiwan. As part of the 27.1 billion won (US$20.44 million) deal, Samsung Electro will have more than a 95% share of Unicap Electronics Industrial, currently owned by J-Three.
The deal goes into effect November 30, 2008. Unicap is located near Shanghai and specializes in the production of circuit boards in liquid-crystal displays. Samsung Electro expects the acquisition to increase its competitiveness in circuit board production.