Wistron to Sell Wistron InfoComm Manufacturing and Wistron Investment to Luxshare Group
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 [US$472m]… 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.
(CTimes (Global Electronics in Taiwan), July 17)
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Jul 21, 2020
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