Diodes Incorporated Confirms Lite-On Semiconductor’s Disposition of On-Bright Shares
16 Januar 2020 - 12:33AM
Business Wire
Diodes Incorporated (Nasdaq: DIOD) today confirmed that Lite-On
Semiconductor Corp. (TWSE: 5305) (“LSC”) sold over 52% of its
ownership in On-Bright Electronics Co. Ltd. (“On-Bright”),
representing 16.5% of On-Bright’s shares outstanding, to Orthosie
at a price of NTD221 per share on January 14, 2020 as was
previously anticipated and detailed in a press release issued by
Diodes on January 8, 2020.
LSC’s remaining ownership of On-Bright amounts to 14.69% of
shares outstanding, which will be exchanged for NTD230 per share in
cash as merger consideration on the record date of the On-Bright
merger with Orthosie, which requires approval by the shareholders'
of On-Bright and from relevant regulatory authorities. In addition,
David Lee, LSC’s CEO, resigned as On-Bright’s chairman of the
board, and Karin Huang, LSC’s CFO, resigned as a director of
On-Bright’s board. As a result, no member of LSC’s management team
serves on the board of On-Bright.
About Diodes Incorporated
Diodes Incorporated (Nasdaq: DIOD), a Standard and Poor’s
SmallCap 600 and Russell 3000 Index company, is a leading global
manufacturer and supplier of high-quality, application-specific
standard products within the broad discrete, logic, analog, and
mixed-signal semiconductor markets. We serve the consumer
electronics, computing, communications, industrial, and automotive
markets. Our products include diodes, rectifiers, transistors,
MOSFETs, protection devices, function-specific arrays, single gate
logic, amplifiers and comparators, Hall-effect and temperature
sensors, power management devices, including LED drivers, AC-DC
converters and controllers, DC-DC switching and linear voltage
regulators, and voltage references along with special function
devices, such as USB power switches, load switches, voltage
supervisors, and motor controllers. Diodes also has timing,
connectivity, switching, and signal integrity solutions for
high-speed signals. Our corporate headquarters and Americas’ sales
offices are located in Plano, Texas and Milpitas, California.
Design, marketing, and engineering centers are located in Plano;
Milpitas; Taipei, Taoyuan City, and Zhubei City, Taiwan; Oldham,
England; and Neuhaus, Germany. Our wafer fabrication facilities are
located in Oldham; Shanghai, China; and Greenock, Scotland. We have
assembly and test facilities located in Shanghai, Jinan, and
Chengdu, China; as well as in Hong Kong; Neuhaus; and Taipei.
Additional engineering, research and development, sales, warehouse,
and logistics offices are located in Taipei; Hong Kong; Oldham;
Shanghai; Shenzhen and Yangzhou, China; Seongnam-si, South Korea;
Munich, Germany; and Tokyo, Japan, with support offices throughout
the world.
Recent news releases, annual reports and SEC filings are
available at the Company’s website: http://www.diodes.com. Written
requests may be sent directly to the Company, or they may be
e-mailed to: diodes-fin@diodes.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20200115005897/en/
Company Contact: Diodes Incorporated Laura Mehrl Director,
Investor Relations P: 972-987-3959 E: laura_mehrl@diodes.com
Investor Relations Contact: Shelton Group Leanne K. Sievers,
President P: 949-224-3874 E: lsievers@sheltongroup.com
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