Inc. (TWSE: 2353) said today that its Board of Directors has approved the private placement of 11 million shares of Apacer Technology Inc. (TWSE: 8271) for NT$33 per share. After this private placement, Acer will possess 8.97 percent of Apacer shares for $363 million.
Apacer already supplies Acer, AOPEN, and Altos, while Weblink and other Acer Group firms distribute Apacer products.
Not only will Acer’s participation in Apacer’s private placement extend the strategic partnership between the two firms, but it will also generate reliable financial flow.
As the Acer Group continues to develop its many business engines, the two organizations anticipate expanding their relationship and creating synergies in different areas.
