TAIPEI, TAIWAN and YANGZHOU, CHINA – As part of its plan to expand into China, Uniflex Technology Inc. is set to acquire Boardtek Electronics Corporation’s plant in Yangzhou for a reported NT$180 million (US$5.38 million). The plant supplies flexible printed circuit boards (FPCBs) to subsidiaries of its parent company YFY Group. 

In addition, market sources say Boardtek will take a 10% stake, nearly NT$130 million (US$3.89 million), in Uniflex through private placement. The deal is expected to close by early 2009.
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