Today, Unimicron Technology Corp.’s Board meeting approved CLOVER Electronic (CLOVER) investment. UniClover Holding Limited, a 75% holding company under Unimicron group, has approved to invest JPY 1,900M in CLOVER for 100% shares (28,730 shares) and total liabilities JPY 1,200M of CLOVER, owned by the parent company, ARRK Corporation. After the transaction, Unimicron indirectly holds around 75% of total CLOVER shares.

CLOVER was established in 1984, mainly manufacturing high-end PCB products. CLOVER’s major operations are located in Hokkaido in Japan and focus on cell phone and module applications. Its revenues in FY2011 (Accounting period from 2010/04 to 2011/03) were JPY 5,034 M, Pretax loss was JPY 72M, Total Assets were JPY 6,110 M.

The investment is considering leverage Clover’s high-end technology and close to market, through this cooperation to integrate the capacity with the leading capability, to enhance the early stage corporation with customer and expedite the competitiveness in the industry, and to offer the better products, service and technology to customers.

Finance Div. / IR
Oct. 13th, 2011