2020.09.29
Powertech Technology (Singapore) Pte. Ltd Sell the Current Bumping Related Assets
September 29, 2020 – (Hsinchu) Powertech Technology Inc. Ltd. (“PTI”, TWSE code: 6239) announces it signed agreements with UTAC Holdings Ltd’s affiliate (UTAC Holdings) to sell the current bumping related assets of Powertech Technology (Singapore) Pte. Ltd. (PTI SG) to UTAC Holdings. The agreements were signed today and this transaction expected to be closed on January 1, 2021.
The major reason for PTI to sell the bumping assets of PTI SG to UTAC Holdings is to consolidate its operations in order to enhance the overall performance. PTI SG will continue to act as the investment arm of PTI for China and South Asia region to hold the equity of PTI Suzhou and PTI Xian.
Contact:
Spokesman:
Evan Tseng
Email: evant@pti.com.tw
Phone: 886-3-598-0300
The major reason for PTI to sell the bumping assets of PTI SG to UTAC Holdings is to consolidate its operations in order to enhance the overall performance. PTI SG will continue to act as the investment arm of PTI for China and South Asia region to hold the equity of PTI Suzhou and PTI Xian.
Contact:
Spokesman:
Evan Tseng
Email: evant@pti.com.tw
Phone: 886-3-598-0300