HONG KONG – Kingboard Chemical has offered to purchase remaining shares of Elec & Eltek for around $63.25 million, taking the company private.

It is offering $1.20 per share in cash.
 
Kingboard already owns 71.71% of the company, and the purchase is designed to increase efficiency and competitiveness of both companies.
 
Kingboard is one of the top PCB fabrication shops, ranked ninth on Dr. Hayao Nakahara’s 2007 NTI 100 list.

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