Asia-IO, Wise Road invest in HK semiconductor supplier
Private equity firms Asia-IO Capital and Wise Road Capital have acquired a 55.6% stake in a semiconductor packaging materials business from Hong Kong-listed ASM Pacific Technology.
They committed a combined $200 million to ASM Materials, according to a filing. ASM Pacific will retain a 44.4% holding and cease to declare the company as a subsidiary following completion of the transaction....
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