SINBON Electronics Co. (3023) and Nextronics Engineering Corp. (8147) formally reached an investment agreement. SINBON expects to subscribe for 2,950 shares of Nextronics at the price of 24.1 NTD per share, accounting for about 10% of the capital after Nextronics’ capital increase. Nextronics officially signed the investment agreement with Sinbon on November 26th, 2018 after the board of directors meeting.
Nextronics is mainly engaged in the communication, industrial and medical markets. Its main products are high-frequency communication connectors, medical catheter connectors, backplane connectors, power & energy connectors and industrial computer backplanes, components and chassis. In recent years, Nextronics continues to transform and develop unique core technologies, including high frequency, heat dissipation, circular push-pull locking and industrial computer solutions, combining and focusing on Sinbon’s five “MAGIC” (Medical, Automotive, Green Energy, Industrial, Communication) industries. Through this capital cooperation between the two companies, both parties will strengthen their advantages in channel, products and technology, and will expand the market and foreseeable growth.
The two parties will cooperate in the medical, automotive, industrial and military markets. Nextronics provides its core technology to develop high-frequency circular, medical-specific, military-grade connectors, and combines the expertise of Sinbon cable assembly and PCBA to provide a more competitive integrated solution for global customers. The chairmen of both parties are optimistic about cooperation opportunity, financially tied relationship, and leverage each other's advantages and niches to complement market channels and technology to provide customers with more versatile solutions.