On August 5, J&W Electronics announced that Yokohama Electronic Devices Co., Ltd. (YED), its wholly-owned subsidiary, intends to acquire 100% of the equity in Flat Electronics Co., Ltd. from Kyosei Sou No.1 Investment Business LLC for a cash consideration of JPY 2.6 billion. This acquisition has garnered unanimous approval from the company's board of directors, and YED has already executed a share transfer agreement with the seller. However, the transaction remains subject to the completion of necessary filing and approval processes with relevant domestic and foreign regulatory authorities.
