Apple’s matchmaking allows Catcher to become a shareholder of Career
Date: 2018-04-09
News Type:
Catcher announced on the 15th that it has invested, through its subsidiary Ke Yao Technology, NT$1.127 billion to buy in more than 29,000 shares in Career’s capital increase program, thereby obtaining a shareholding ratio of approximately 7.42% and leaping to become Career’s largest corporate shareholder. This has marked the first alliance case where an Apple’s concept share has invested to become the shareholder of another Apple’s concept share in Taiwan.
Catcher is a supplier of Apple’s mobile phone metal cases, while Career is a supplier of Apple’s mobile phone soft PCB antennas. Although the amount invested by Catcher into Career is not big, it is of great significance as Apple has stepped up to act as a matchmaker to fulfill this successful merger. Its full support on these two suppliers has highlighted Apple’s attention on Taiwan’s component vendors.
For this Apple’s matchmaking act, Catcher’s spokesman system did not make any comment but merely pointed out that the alliance between the two sides is to make preparation to meet the needs of new products developed by major customers in the future. As Career and Cather are leading producers for soft PCBs and cases, respectively, their cooperation will help develop more competitive products and grab more market opportunities. (Source: Economic Daily News)
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