Solectron Corp completes buy-out of NatSteel Electronics
Monday, 15 January, 2001
Solectron, a provider of electronics manufacturing and supply-chain services, said its tender offers to acquire all of NatSteel Electronics' shares and bonds closed with tendered shares of 99% of the issued share capital and tendered bonds of 99%.
Once that step is completed, NatSteel Electronics will become a wholly owned subsidiary of Solectron and will be de-listed from the Main Board of the Singapore Stock Exchange.
As part of the acquisition, Solectron gains manufacturing sites in China, Hungary, Indonesia, Malaysia, Mexico, Singapore and the United States.
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