Brief: Foxconn, Yageo To Participate In XSemi's Capital Increase

Advanced Power Electronics

20/05/2022 11:34

May 20 (Reuters) - Hon Hai Precision Industry Co Ltd
 2317.TW :
    * SAYS IT AND YAGEO CORP  2327.TW  TO PARTICIPATE IN XSEMI
CORP'S
T$3.1 BILLION  ($104.70 million) CAPITAL INCREASE
    * SAYS XSEMI WILL PARTICIPATE IN ADVANCED POWER ELECTRONICS
CORP'S
 8261.TW  SHARE PRIVATE PLACEMENT FOR 30.08% STAKE
    * SAYS IT WILL BECOME MAJORITY OWNER OF XSEMI WITH 51%
HOLDINGS,
YAGEO AND ITS RELATED COMPANIES WILL HAVE 49%
    * SAYS CHAIRMAN YOUNG LIU IS NOMINATED TO BECOME CHAIRMAN OF
XSEMI

Source text https://www.foxconn.com/en-us/press-center/press-releases/latest-news/799
Further company coverage:  2317.TW 

($1 = 29.6090 Taiwan dollars)

 (Reporting by Hong Kong newsroom)
 ((meg.shen@thomsonreuters.com; 852-39525805;))