The Pou Chen Group announced on March 16 that it is seeking a strategic partner by selling 166.5 million shares, about a 40% stake, in Global Brands Manufacture (GBM), a PCB assembly (PCBA) company, with a price of no less than NT$27.5 (US$0.87) per share. Notebook PCB maker HannStar Board announced on the same day that it will take the GBM shares to be released by Pou Chen.
Pou Chen's stake in GBM will reduce to 9.28%.
Notebook PCB sales account for 10% of GBM's total revenues. The company said it plans to close its TV assembly line in California, US.
Article translated by Meiling Chen
