Wistron Invests in the Private Placement Issued by Unity Opto

Unity Opto, a Taiwan-based LED packaging company, has announced the issuance of up to 120 million shares for private placement as approved by its shareholders to introduce strategic partners. The Taiwanese OEM Wistron, reported its investment in Unity Opto through its subsidiary, ArFlex.

ArFlex has spent NT$ 50 million (US$ 1.63 million) to acquire 5.263 million shares, which accounts for a 1.26% stake in Unity Opto and 12.19% of the private placement. According to Wistron, the purpose of the investment is to strategically intensify the collaboration with Unity Opto and to enhance operation in LED backlighting of displays based on the relationship built between the two companies.

Unity Opto said that the aim of the private placement is to introduce strategic partners for the company to deploy various resources when developing novel products or further transformation in the future.

I-Chiun, an LED light frames producer, also took part in the private placement with an investment of NT$ 30 million (US$ 979,380).

(Image: Unity Opto)

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