Acer has decided to sell off all of its 34.4% holding in memory module subsidiary Apacer Technology, with Powerchip Semiconductor Corporation (PSC), A-Data Technology, and Apacer's current management team set to take up the released shares, according to industry sources.
PSC is expected to take a thin slice of the Acer holdings, which will nevertheless make it the biggest shareholder of Apacer with an almost 25% stake, the sources said.
Apacer's management team will increase its stake to 20% to become the second largest shareholder, followed by A-Data, who will have 5-10%, the sources said.
Acer to sell its stake in Apacer
Posted on Friday, Jul 11 2008 @ 03:16 CEST by Thomas De Maesschalck