Schramberg, January 27, 2022 - The direct investment of the strategic investor WUS Printed Circuits (Kunshan) Co., Ltd. (China) in the wholly-owned Chinese subsidiary of Schweizer Electronic AG was subject to an extraordinary shareholders' meeting of the investor.
Today the extraordinary shareholders' meeting of WUS Printed Circuits (Kunshan) Co., Ltd. approved the investment. This means that the transaction can take place as planned by means of a 12.8 percent capital increase at Schweizer Electronic (Jiangsu) Co., Ltd. (China). The inflow of funds from the capital increase will amount to CNY 75 million (approximately EUR 10.5 million).