Wistron plans to increase its stake in connector maker Tconn by purchasing its shares from AOpen, as well as other shareholders. Wistron said its board of directors will discuss the purchase plan today (February 22).
AOpen has already approved to sell all of its 19% stake in Tconn to Wistron for US$1.15 million, from which the company can earn make a profit of US$350,000.
AOpen noted that since the company is gradually phasing out its motherboard and optical drive manufacturing business and shifting towards digital signage development, there is no need for the company to continue owning Tconn's shares.
Wistron is expected to own a 30% stake in Tconn after acquiring the shares from AOpen. Taiwan-based connector maker Sinbon Electronics currently owns more than 50% of Tconn.
Article translated by Joseph Tsai
