RS Technologies Co., Ltd. completed the acquisition of DG Technologies, Inc. from Fai Chi Trading Development Limited.
June 30, 2019
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RS Technologies Co., Ltd. (TSE:3445) agreed to acquire DG Technologies, Inc. from Fai Chi Trading Development Limited for ¥900 million on November 13, 2018. Post acquisition, DG Technologies will become subsidiary of RS Technologies. For Fiscal year ended December 2017, DG Technologies reported net assets of ¥201.6 million, total assets of ¥1.2 billion, sales of ¥1.3 billion, operating income of ¥82 million and net income of ¥32.8 million. The Board of RS Technologies resolved the transaction on November 13, 2018. The transaction is expected to be completed on January 10, 2019. The transaction also incurred advisory expenses of ¥ 6.5 million.
RS Technologies Co., Ltd. (TSE:3445) completed the acquisition of DG Technologies, Inc. from Fai Chi Trading Development Limited in June, 2019
RS Technologies Co., Ltd. is a Japan-based company primarily engaged in the silicon wafer recycling business. The Company operates in three business segments. The Wafer segment is engaged in the recycling, process and sale of silicon wafers for semiconductors. The Prime Silicon Wafer Manufacture and Sale segment is engaged in the process and sale of silicon wafers for products including prime silicon wafers. The Semiconductor Production Equipment Purchase and Sale segment is engaged in sale of second-hand semiconductor related machinery and consumable goods to China. The Company is also engaged in solar business and technical consulting business.