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Teapo, Luminous, Luxon to form alliance

Posted: 20 Apr 2005 ?? ?Print Version ?Bookmark and Share

Keywords:passive components? teapo electronic?

Passive components manufacturer Teapo Electronic Corp. recently announced that it will engage in stock swaps with Luminous Town Electric and Luxon Electronics Corp.

A press release by Teapo says that it will merge with Luxon through stock swaps, but Teapo will retain the company name. Every 1.685 share from Luxon will be converted to one Teapo share effective August 31, 2005.

Teapo will also engage in stock swaps with Luminous, with Teapo taking up a 51 percent stake of Luminous' shares. Every 1.06 share from Luminous will be converted to one Teapo share effective September 30, 2005.

The said alliance is expected to enable a monthly capacity of 1.33 billion units -- 450 million units coming from Teapo, 700 million units from Luxon and 180 million units coming from Luminous.





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