IRVINE, CA -- MFlex has entered into a registration rights agreement under which the printed circuit board fabricator will file with the US SEC to register its largest stockholder's nearly 15 million shares for resale.

The shareholder, WBL, currently has a beneficial ownership stake in MFlex of approximately 62%. The move, which applies to all 14.8 million shares of common stock held by WBL, would diversify MFlex's ownership and increase the number of publicly floated shares, making the stock potentially more attractive to a wider group of investors.

Norman Ip, WBL chairman, saud "Once declared effective by the SEC, the shelf registration will provide WBL an avenue to monetize our holdings, whether in whole or in part, of MFLEX common stock, as we execute our strategic options for our technology businesses to enhance shareholder value. The shelf registration will enable us to access the capital markets in optimal market conditions."

Separately, MFlex said it plants to repurchase up to 200,000 shares of its common stock on the open market.

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