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Dai Nippon Printing Co Ltd Announces Merger between Subsidiary and Photronics Inc's Subsidiary


Wednesday, 20 Nov 2013 03:00am EST 

Dai Nippon Printing Co Ltd announced that its Taiwan-based wholly owned subsidiary DNP Photomask Technology Taiwan Co., Ltd. (DPTT) with merge with Photronics Semiconductor Mask Corp. (PSMC), which is a Taiwan-based subsidiary of Photronics Inc, effective March 31, 2014, to form a joint venture between Dai Nippon Printing and Photronics. As a result, DPTT will be dissolved and PSMC will be the surviving company and change its name into Photronics DNP Mask Corporation. Dai Nippon Printing will hold 49.99% stake and Photronics will hold 50.01% stake in Photronics DNP Mask. 

Company Quote

8.0
-0.01 -0.12%
28 Jul 2014