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Punching Out: Breaking Out of the Valuation BoxLite-On Tech to Wholly Own Japan Subsidiary
June 5, 2019 | DigitimesEstimated reading time: Less than a minute
EMS provider Lite-On Technology will acquire the remaining 50.51% stake in Lite-On Japan (LOJ), its subsidiary listed on JASDAQ, through open purchases of all of 6.290 million outstanding LOJ shares at JPY240 ($2.22) per share during June 4-July 16, with total purchase price estimated at JPY1.51, Digitimes reported.
It said it is integrating Lite-On Group's resources and hiking operation efficiency. It added LOJ does not need much capital from the stock market.
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