Flex logo

FLEX - Flex News Story

$18.69 0.5  2.5%

Last Trade - 07/05/21

Sector
Technology
Size
Large Cap
Market Cap £6.68bn
Enterprise Value £7.50bn
Revenue £17.27bn
Position in Universe 992nd / 6858

BRIEF-Flex To Divest Multek's China Operations To Multi-Fineline Electronix

Tue 27th March, 2018 2:29am
March 26 (Reuters) - Flex Ltd  FLEX.O :
    * FLEX TO DIVEST MULTEK'S CHINA OPERATIONS TO MULTI-FINELINE
ELECTRONIX INC ("MFLEX")
    * ‍MULTEK WILL CONTINUE OPERATING WITH ITS EXISTING NAME AND
LOCATION IN ZHUHAI, CHINA​
    * ‍MFLEX WILL ACQUIRE ALL OF EQUITY INTERESTS IN NON-US
SUBSIDIARIES OF FLEX THAT OPERATE CHINA-BASED BUSINESS OF
MULTEK, FOR PROCEEDS OF ABOUT  $273 MILLION​
    * ‍US-BASED MULTEK OPERATION WILL REMAIN A WHOLLY OWNED FLEX
SUBSIDIARY​

Source text for Eikon:  ID:nPn8g3J0Ma 
Further company coverage:  FLEX.O 

 ((Reuters.Briefs@thomsonreuters.com;))
© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.