Taipei, Wednesday, Nov 27, 2024, 13:18

News

Compal,Compal Communications Merger

Published: Nov 28,2013

(Taipei , Taiwan) Compal Electronics announced the completed the first phase of the acquisition of outstanding common stock, Compal currently holds 90.39% stake of Compal Communications , the second phase of the acquisition will be cash merger.

More on This

Compal Electronics Announces a 5G Smart Railroad Safety System

TAIPEI, Taiwan - Since 2020, Compal Electronics, a Taiwanese electronics manufacturer, started to develop 5G and Smart Internet of Vehicle solutions...

Compal Becomes Another Assembly of Apple Watch

TAIPEI, Taiwan - According to the Taiwan Economic Daily that Taiwan's majoy ODM company Compal will become the second assembly plant of the Appleā€™s Apple Watch this year...

The acquisition of Compal Communications to NTD$50.8 per share , the merger consideration is also NTD$50.8.

After the merger, Compal will be the surviving company , Compal Communications be the destroy company , the name of the combined company remains Compal . Merger date set for the next year on February 27.

Compal Lvqing Xiong , deputy manager , said that, after merger, they will add 1 to 2 new customers every year in Tablet PC and smartphone business, the proportion of total revenue in mobile devices will raise 30% , compared to 10% growth this year.

Lvqing Xiong believes that the convergence of smart phones, tablet PCs and notebooks will be more and more obviously, after integrating with mobile technologies and R&D capabilities from Compal Communications, Compal can improve their design, manufacturing and resources management ability in mobile business, to provide one-stop services, and customers will have a stronger supplier.

CTIMES loves to interact with the global technology related companies and individuals, you can deliver your products information or share industrial intelligence. Please email us to en@ctimes.com.tw

1258 viewed

comments powered by Disqus