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Wistron to Sell Wistron InfoComm Manufacturing and Wistron Investmen to Luxshare Group

Published: Jul 17,2020

TAIPEI, Taiwan - Wistron Corp. held a Board of Directors Meeting today and approved to sell Wistron InfoComm Manufacturing (Kunshan) Co., Ltd, Wistron Investment (Jiangsu) Co., Ltd, and related businesses to Luxshare Group. The transaction value is tentatively set as RMB3.3 billion (equivalent to NTD13.8 billion).

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After both parties affirm and sign the relevant agreements, the deal will proceed to obtain the authority approvals as required with an estimated completion by the end of this year. Wistron will make related public announcement and filings according to the relevant regulations upon completion of the transaction.

Moving forward, Wistron will continue to focus on optimizing its business portfolio and global footprint to cope with an ever-changing environment. Post the transaction, the company will be more aggressive to invest in and develop future technologies while targeting new business areas such as 5G, artificial intelligence (AI), automotive, and health care to further enhance its product portfolio and profitability.

Moreover, to meet the rapid change of customer needs, Wistron will not only make more investments in our headquarters in Taiwan, but also continue developing the manufacturing capacities based in Mexico, India, Malaysia, Vietnam, the Czech Republic, and mainland China.

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