other material
confidence medium
sentiment neutral
materiality 0.40
Trio-Tech subsidiary enters JV for semiconductor services in Suzhou, China
TRIO-TECH INTERNATIONAL
- Trio-Tech (SIP) will hold 51% stake in new JV Trio-Tech Jiangsu Co., Ltd.; SATM holds 49%.
- JV to provide sub-contract semiconductor/electronics services; Trio-Tech manages operations.
- Trio-Tech nominates 3 of 6 directors and chair with tie-breaking vote.
- Annual management fee of 6% of JV revenue (3% each partner), capped at 10%.
- Term indefinite; assets purchased by Trio-Tech may be contributed at net book value.