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Compal Electronics Inc to Exchange Equity Shares of Taiwan-based Company with Chipbond Technology Corporation

Thursday, 9 May 2013 04:50am EDT 

Compal Electronics Inc announced that it has decided to exchange its stock of a 28.49%-owned Taiwan-based company which is engaged in design of integrated circuit (IC), with Chipbond Technology Corporation, at a ratio of 3.1 shares to one share. After this, the Taiwan-based IC design Company will become a wholly owned subsidiary of Chipbond Technology Corporation, and Compal Electronics Inc will hold a 2.35% stake in Chipbond Technology Corporation.