To support the further development of the company, the Executive Board of AT&S considers to increase the share capital of the Company from authorized capital against cash contributions and to possibly implement further capital measures, whereby the aggregate volume of such potential capital measures may amount to up to 50% of the current share capital of AT&S. The details related thereto are still to be determined.
In order to support the success of such potential capital measures, AT&S has engaged in negotiations with Österreichische Beteiligungs AG (ÖBAG) concerning the potential subscription by the latter within the potential capital measures (whereby according to the current state of negotiations a participation of at least 25% +1 share of the share capital of AT&S would be sought). Moreover, the Executive Board of AT&S has decided to start talks with potential other new investors about a possible investment.
The implementation of potential capital measures and the potential investment by investors depends, among other things, on the passing of any required corporate resolutions, agreement with the potential investor as well as evaluation of the then prevailing market conditions.
The final approval of the Supervisory Board of AT&S is still outstanding. The Company will promptly inform once the necessary decision of the Supervisory Board has been passed and will, thereafter, provide timely information on the details of the potential capital measures.
AT & S Austria Technologie & Systemtechnik Aktiengesellschaft – Advanced Technologies & Solutions
AT&S is a globally leading manufacturer of high-end IC substrates and printed circuit boards. AT&S industrialises leading-edge technologies for its core business segments IC Substrates, Mobile Devices, Automotive & Aerospace, Industrial and Medical. AT&S has a global presence with production sites in Austria (Leoben, Fehring) and plants in India (Nanjangud), China (Shanghai, Chongqing) and Korea (Ansan near Seoul). A new high-end production site for IC substrates is currently being established in Kulim, Malaysia. In Leoben, a European competence centre including series production is being built.The company employs roughly 14,000 people.
▼▼▼
Cadence and Autodesk collaborate on smart product design
GPU tech supplier Imagination Technologies lays off 20% of staff
Micron is being sued by China's leading memory chip maker YMTC for patent infringement in the US
Power outage hits Onsemi's Bucheon facility, possible shutdown for two weeks
Qualcomm and Iridium end their satellite chip partnership
......
Read more latest news about the PCB and semiconductor industry here
+86 191 9627 2716
+86 181 7379 0595
8:30 a.m. to 5:30 p.m., Monday to Friday