ASMPT Announces Strategic Joint Venture To Accelerate Its Materials Business

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Charting a Bright Course for the Future

 

HONG KONG, CHINA – Media OutReach
– 29 July 2020 – ASM Pacific Technology
Limited
(“ASMPT” or the
“Group”) (Stock code: 0522) has announced that it reached an agreement to form a
Strategic Joint Venture (“SJV”) involving its Materials segment with key partners.

 

Mr. Robin Ng, CEO, ASMPT, said “We have been closely monitoring the market
trends of the lead frame business for some years and have observed industry consolidation amongst
its market participants. Our Materials segment is consistently among the top
lead frame manufacturers globally. It continues to be a strong business, in
tandem with the growth of the global semiconductor market. However, the lead
frame business is extremely competitive and requires economies of scale in
order to be sustainably successful. This Strategic Joint Venture enables our Materials segment to prepare
its business for the future, benefitting its employees, its customers and the
Group.”

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Mr. Ng added that ASMPT had undertaken a
rigorous process to identify suitable strategic partners to help accelerate the
business growth of its Materials segment. The SJV partners, namely Wise Road Capital Ltd (“Wise Road”), Asia-IO
Capital Management Limited (“Asia-IO”) and ASMPT, will collectively guide the
management and development of the SJV.

 

The SJV is expected to begin operating by the
end of the year.   In the
meantime, ASMPT’s Materials segment will continue its
business, with the management team, operations, expansion plans and product
development unchanged. When the SJV begins operation, it will operate as an
independent business under the auspices of the SJV partners, tapping the deep
and complementary network and market experience of Wise Road and Asia IO to help
extend and solidify its leadership position in the lead frame market. ASMPT will
hold a minority equity interest in the SJV amounting to
44.44%, while Wise Road and
Asia-IO will collectively hold a controlling interest
of 55.56% through their designated investment vehicles. The financials
of the SJV will be equity accounted by the Group once the SJV begins operating.

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“T he excellent track record, financial strength, and
collective attributes of the partners in this Strategic Joint Venture form a very strong and capable foundation to fully actualize
the immense potential inherent in the lead frame business. This will benefit all the stakeholders in ASMPT’s
Materials segment, and give our customers the assurance that their
needs and future requirements are well looked after,” concluded Mr. Ng.

 

“FITA is very
pleased to form a strategic partnership with ASMPT and supports its Strategic
Joint Venture with Wise Road Capital and Asia-IO. Wise Road Capital is one of
the key investment platforms in FITA. Through our strong alliance member network
of more than 100 leading high-tech players in China and the world, we are
confident that FITA can provide a strong synergistic support to this Strategic
Joint Venture and propel the growth of the business,” said Mr. Brighten Li, Chairman of the Financial and
Information Technology Alliance (FITA)
.

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“ASMPT is a
world class leader in the semiconductor value chain and we have full confidence
in the technology, quality and operations leadership of ASMPT’s Materials
Segment. Wise Road Capital’s senior management team brings a good combination
of finance expertise and industry expertise to support the success of the
Strategic Joint Venture. We believe that the additional financial resources and
industry network the new shareholders will bring in, plus a sharp focus on growing
the Materials business together with ASMPT, will bring the success of the
Strategic Joint Venture to the next level,” said Mr. Fai Yeung, Managing Partner of Wise Road Capital.

 

“This
Strategic Joint Venture corroborates our strategy to back a high-quality player
that is investing to become an even stronger
player in the industry with a larger market share when
the market upcycle resumes,” said Mr.
Denis Tse, Managing Partner of Asia-IO
.

ASMPT Announces Strategic Joint Venture To Accelerate Its Materials Business

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ASMPT Announces Strategic Joint Venture To Accelerate Its Materials Business - Brand SpurASMPT Announces Strategic Joint Venture To Accelerate Its Materials Business - Brand Spur

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ECOVACS ROBOTICS Introduces 9-in-1 DEEBOT T9 In Indonesia – Our Best DEEBOT Just Got Better!

“The Best Just Got Better" with the first robotic vacuum cleaners in the market to combine upgraded vacuuming and mopping capabilities in one go

 

JAKARTA, INDONESIA - Media OutReach - 13 April 2021 - ECOVACS ROBOTICS, the world's leading home service robotics maker, today launched the DEEBOT T9, the first models with intelligent 9-in-1 obstacle avoidance robotic vacuum cleaner that combines powerful vacuuming and mopping functions with a built-in mobile air freshener. The upgraded DEEBOT T9 with these cutting-edge features is more powerful and smarter than ever before.

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ASMPT Announces Strategic Joint Venture To Accelerate Its Materials Business - Brand Spur


ASMPT Announces Strategic Joint Venture To Accelerate Its Materials Business - Brand Spur


ASMPT Announces Strategic Joint Venture To Accelerate Its Materials Business - Brand Spur


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Pricing and Availability


DEEBOT T9's suggested retail price is IDR 8.29 Million. It will be officially available at Shopee with special price of IDR 8.09 Million and comes with a IDR 200K discounted voucher and a free giftpack on April 17 to 18 ECOVACS X Shopee Brand Day.


It is also available at Lazada, Tokopedia, and Blibli from April 19 onwards with an IDR 200K discounted voucher and free giftpack as launch promotion until April 22.

For more information, please visit ecovacs.com or connect with us on ASMPT Announces Strategic Joint Venture To Accelerate Its Materials Business - Brand SpurFacebook and ASMPT Announces Strategic Joint Venture To Accelerate Its Materials Business - Brand SpurInstagram.


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ASMPT Announces Strategic Joint Venture To Accelerate Its Materials Business - Brand Spur
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