2383 Elite Material Co.: Announcement regarding the acquisition of production equipment by a subsidiary
Elite Material Co. announced that its subsidiary, Zhongshan Elite Material Co., Ltd., acquired production equipment from Asia Pacific Metal Industry for approximately 650 million TWD.
📋 Article Processing Timeline
- 📰 Published: May 27, 2026 at 06:31
- 🔍 Collected: May 27, 2026 at 06:31 (0 min after Published)
- 🤖 AI Analyzed: May 31, 2026 at 19:47 (109h 16m after Collected)
On May 26, 2026, Elite Material Co. (2383) announced that its subsidiary, Zhongshan Elite Material Co., Ltd., has acquired machinery and equipment for operational use. The transaction, approved by the board of directors on March 11, 2026, totals approximately 649,822,000 TWD. The counterparty is Asia Pacific Metal Industry Co., Ltd., and the transaction is not considered a related-party transaction. The purpose of the acquisition is to enhance production and operational capacity. Payment terms are based on order conditions, and the price was determined through price comparison and negotiation.
FAQ
What is the primary business of Elite Material Co. (2383)?
It is a major Taiwanese manufacturer specializing in electronic materials, particularly copper-clad laminates for PCBs.