PCB leader, Zhen Ding, stated on the 10^th of March that the board of directors has agreed to acquire all of BoardTek Electronics’ common shares by issuing new shares for shares conversion.

 

    Zhen Ding also described that it will obtain 100% equity of BoardTek Electronics by issuing new shares while considering future strategic development needs and enhancing operative performance and industrial competitiveness.

 

        The company indicated that the estimated benefits after the acquisition will improve the global layout of Zhen Ding, in terms of automotive boards, high-frequency boards, and communication circuit boards. This acquisition will also help increase sales and profitability while providing positive benefits to the net value and earnings per share.

 

          The shares conversion ratio in this share conversion case will be every 0.20 of the newly issued ordinary share of Zhen Ding to be exchanged for one ordinary share of BoardTek Electronics. As for the share conversion ratio, in this case, this will reference the recent market share price of the two parties, as well as their financial information. Also, independent experts will be consulted before such a ration is established.

 

   The two parties have cautiously set the 11^th of November 2020 as the basis date for the share conversion, subject to changes according to a mutual agreement of the actual operation procedures. (News source: Economic Daily News)