Xingsen Technology: Subsidiary to Sell Harbor100 Stake

2023-07-05 16:33

On July 5, Xingsen Technology issued an announcement on the signing of a letter of intent for the sale of equity by its subsidiaries, stating that the company's wholly-owned subsidiary Xingsen Express Hong Kong Co., Ltd. FASTPRINT HONGKONG CO.,LIMITED (hereinafter referred to as "Xingsen Hong Kong") and Technoprobe S.p.A.(Hereinafter referred to as "Technoprobe") and other related parties recently signed the "Letter of Intent", and the two parties reached a preliminary cooperation intention: the Technoprobe intends to acquire in cash a 100 per cent equity interest in FASTPRINT TECHNOLOGY(U.S.) LLC (the "Target", which holds 100% equity interest in Harbor Electronics,Inc.) held by Hingsen Hong Kong.

 

The assets of FASTPRINT TECHNOLOGY(U.S.)LLC are Harbor Electronics,Inc. ("Harbor"), which is primarily engaged in the design, production, placement and sale of semiconductor test boards.

 

Data show that Xingsen Technology has been involved in the semiconductor test board business since 2013 and acquired Harbor from Xcerra in 2015. Due to the limited production capacity of Harbor in the United States, Guangzhou Xingsen has started the expansion of semiconductor test board production, with the goal of building the largest specialized test board factory in China.

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