Guangzhou Fastprint Investment Co., Ltd. completed the acquisition of Ibiden ElectronicsCo.,Ltd. from Ibiden Co.,Ltd..
June 24, 2023
Share
Guangzhou Fastprint Investment Co., Ltd. agreed to acquire Ibiden Electronics (Beijing)Co.,Ltd. from Ibiden Co.,Ltd. (TSE:4062) for ¥15.9 billion on December 16, 2022. As on December 31, 2021, Ibiden Electronics (Beijing)Co.,Ltd. generated equity of ¥1.2 billion, total assets of ¥1.4 billion, net sales of ¥879 million, operating loss of ¥46 million and net loss of ¥54 million. The transaction is expected to close on March 31, 2023. As of December 16, 2022, The board of Shenzhen Fastprint Circuit Tech Co., Ltd. has approved the deal on December 16, 2022. This transaction still needs to be approved by the competent government departments such as the Market Supervision Administration. This has been approved in the 22nd Meeting of the Company?s 6th Directorate held on May 24, 2023.
Guangzhou Fastprint Investment Co., Ltd. completed the acquisition of Ibiden Electronics (Beijing)Co.,Ltd. from Ibiden Co.,Ltd. (TSE:4062) on June 25, 2023.
IBIDEN CO., LTD. is primarily engaged in the manufacture of electronic and ceramic products. It operates in two business segments. The Electronics segment is engaged in the manufacture and sale of printed circuit boards (PCBs) and package substrates, as well as the design of PCB patterns. The Ceramics segment offers environment related ceramic products, special carbon products, fine ceramic products and ceramic fibers. The others business engages in provision of housing equipment and melamine decorative laminated sheets, design and construction of slopes, garden landscape and various facilities, synthetic plastic processing, agricultural seafood processing, information service business, automobile transportation, oil marketing, business support, investment, financing, and land ownership and management business.
IBIDEN CO.,LTD. 
