Accton Announces Board Approval for Acquisition of Right-of-Use Assets by Vietnam Subsidiary
On May 18, 2026, Accton Technology's board approved an investment of USD 15.1 million by its subsidiary, Vietnam Accton Technology Company Limited, to acquire right-of-use assets in Phu Tho Province, Vietnam. The assets include 24,861.4 square meters of land and a 38,255.6-square-meter factory. This transaction is intended to support the company's long-term growth and further expand its production scale in Vietnam.
📋 Article Processing Timeline
- 📰 Published: May 18, 2026 at 09:00
- 🔍 Collected: May 19, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 19, 2026 at 08:08 (8 min after Collected)
1. Name and nature of the subject matter: Plot E6-7-8, Thang Long Vinh Phuc Industrial Park, Binh Nguyen Commune, Phu Tho Province. 2. Date of occurrence: 2026/5/18~2026/5/18. 3. Board of Directors' approval date: May 18, 2026. 4. Other resolution dates: Not applicable. 5. Transaction unit quantity, price per unit, and total transaction amount: Transaction unit quantity: Land: 24,861.4 sq m, Factory: 38,255.6 sq m. Total transaction amount: Proposed investment of USD 15.1 million. 6. Counterparty and its relationship with the company: CSI SEMICON COMPANY LIMITED; non-related party. 7. If the counterparty is a related party...: Not applicable. 8. If the ownership of the transaction asset was held by a related party...: Not applicable. 9. Expected gain or loss on disposal: Not applicable. 10. Delivery or payment terms...: Delivery according to the contract. 11. Method of transaction decision...: Per the resolution of the Board of Directors on May 18, 2026. 12. Professional appraiser's firm... and appraised value: Cheng-Cheng Cross-Strait Real Estate Appraisers Firm, Appraised value: USD 15.94 million. 13. Professional appraiser's name: Lin Chin-Sheng. 14. Professional appraiser's license number: (94) Bei-Shi-Gu-Zi No. 000060. 15. Whether the appraisal report is for a limited, specific, or special price: No or not applicable. 16. Whether the appraisal report has not yet been obtained: No or not applicable. 17. Reason for not yet obtaining the appraisal report: Not applicable. 18. In case of significant discrepancy in appraisal results...: Not applicable. 19. CPA firm name: Not applicable. 20. CPA's name: Not applicable. 21. CPA's license number: Not applicable. 22. Broker and brokerage fees: None. 23. Specific purpose or use of the acquisition or disposal: Long-term development. 24. Opinions of directors expressing dissent...: None. 25. Is this transaction a related-party transaction: No. 26. Date of supervisor's acknowledgment or audit committee's consent: May 18, 2026. 27. Is this transaction an acquisition... from a related party: No. 28. Price evaluated according to Article 16...: Not applicable. 29. If the price evaluated... is lower than the transaction price...: Not applicable. 30. Date of previous material information release on the same event: Not applicable. 31. Other narrative matters: None.