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IMI divests Czech unit to China's Keboda
Business World Philippines
|June 05, 2025
AYALA-LED semiconductor manufacturer Integrated Micro-Electronics, Inc. (IMI) is selling its Czech Republic manufacturing subsidiary to a unit of China-based Keboda Technology Co., Ltd. for €10.03 million (P636.84 million) as part of its ongoing re-structuring and cost-efficiency program.
IMI subsidiary Coöperatief IMI Europe UA signed a share purchase agreement to sell 100% of its shares in IMI Czech Republic (IMI CZ) to KEBODA Deutschland GmbH & Co. KG, subject to post-closing adjustments.
"The move will further reduce overhead and administrative expenses as the company consolidates its operations in Europe into its Bulgaria and Serbia facilities," IMI said in a regulatory filing on Wednesday.
"This sale was executed as part of IMI's restructuring and footprint rationalization program which was initiated in the second half of 2024," it added.
Dit verhaal komt uit de June 05, 2025-editie van Business World Philippines.
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