SEOUL, SOUTH KOREA and SHANGHAI, CHINA – Samsung Electro-Mechanics Corporation has delayed its planned buyout of Unicap Electronics Industrial Corporation. Located outside of Shanghai, the company specializes in the production of circuit boards used for liquid-crystal displays.
 
   In October, Samsung announced it would take part in a buyout of Unicap from its owner, J-Three International Holding of Taiwan, for 27.1 billion won (US$20.44 million). Samsung would also take more than a 95% share of Unicap. 
 
According to a regulatory filing, the buyout, originally scheduled for November 30, has been tentatively delayed until the end of January 2009. Samsung specifies “a prolonged environmental approval process by Chinese authorities and other due diligence procedures” for the delay.   

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