Luxshare Precision invests RMB 2.1 billion in Pegatron Kunshan factory and acquires majority stake

At the end of December 2023, Pegatron announced that Luxshare Precision will invest RMB 2.1 billion (US$296 million) in its Kunshan factory to acquire a majority stake. After the transaction is completed, Pegatron's shareholding in the factory will be reduced from 100% to 37.5%, and it will lose control of the factory. Pegatron said that this is to cope with the changing market and industrial environment, enhance regional manufacturing efficiency, and establish a joint venture with strategic investors through capital injection to more effectively reallocate resources, achieve a balanced regional layout, and enhance competitiveness.