Lite-On IT Dutch subsidiary acquires Philips subsidiary in Hungary

Press release, July 2; Adam Hwang, DIGITIMES Asia 0

Lite-On IT's subsidiary in the Netherlands, on June 29, acquired a 100% stake in Automotive Playback Modules (APM) Hungary Limited from Royal Philips Electronics at a price of 14.262 million euro (US$19.3 million). Lite-On then increased the company's...

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