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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.
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