China Wafer Level CSP Co., Ltd. and Suzhou Jingfang II Integrated Circuit Industry Fund Partnership (Limited Partnership) completed the acquisition of 34% stake in VisIC Technologies Ltd.
January 09, 2023
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China Wafer Level CSP Co., Ltd. (SHSE:603005) and Suzhou Jingfang II Integrated Circuit Industry Fund Partnership (Limited Partnership) agreed to acquire 34% stake in VisIC Technologies Ltd. for $50 million on October 28, 2022. China Wafer Level CSP Co., Ltd. and Suzhou Jingfang II Integrated Circuit Industry Fund Partnership (Limited Partnership) agreed to acquire 3425% stake in VisIC Technologies Ltd. for $50 million on November 16, 2022. Pursuant to the transaction, China Wafer Level and Suzhou Jingfang II will pay $26.37 million and $23.63 million cash, for their respective 18.06% and 16.19% stake in VisIC. Following this transaction, China Wafer Level will hold 18.06% stake and Suzhou Jingfang II will own 33.31% stake in VisIC. The 4th session of the China Wafer Level's 5th directorate approved the transaction.
China Wafer Level CSP Co., Ltd. (SHSE:603005) and Suzhou Jingfang II Integrated Circuit Industry Fund Partnership (Limited Partnership) completed the acquisition of 34% stake in VisIC Technologies Ltd. on January 10, 2023.
China Wafer Level CSP Co., Ltd is a China-based company principally engaged in the packaging and testing in sensor industry. The main products of the Company include image sensor chips, environment light sensor chips, biometric identification chips, microelectromechanical systems (MEMS), environment light induced chips, medical electronics and radio frequency chips, among others. The Companyâs products are applied in various areas, such as consumer electronics, including mobile phones, computers, cameras and game consoles; security monitoring; identification; automotive electronics; virtual reality; smart cards and medical electronics. The Company distributes its products primarily in overseas markets.
China Wafer Level CSP Co., Ltd. and Suzhou Jingfang II Integrated Circuit Industry Fund Partnership (Limited Partnership) completed the acquisition of 34% stake in VisIC Technologies Ltd.