Waltech Advanced Engineering, Inc. announced that it expects to receive $17.5 million in funding from Walton Advanced Engineering, Inc.
August 05, 2021
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Waltech Advanced Engineering (SuZhou), Inc announced a private placement of common shares for gross proceeds of $17,500,000 on August 5, 2021. The transaction will include participation from returning investor Walton Advanced Engineering, Inc to retain 100% stake in the company. The transaction has been approved by the board of directors.
WALTON ADVANCED ENGINEERING, INC. is a Taiwan-based company principally engaged in the packaging and testing business. The Company mainly provides assembly and testing services. The Company provides thin small-outline package (TSOP) integrated circuits (ICs), ball grid array (BGA) ICs, multi-chip stacking package (MCP), chip scale package (CSP) and trench BGA, flash memory products, micro-secure digital (SD) cards, memory modules, universal serial bus (USB), three dimensional (3D) stack up products and package on package (POP) products, among others. The Company distributes its products within domestic market and to overseas markets.
WALTON ADVANCED ENGINEERING, INC. 
