CHINA TOPIX

China’s Luxshare Precision Industry Closes Deal With Taiwan’s Merry Electronics

Phenny Lynn Palec   |

Jul 20, 2016 02:02 PM EDT

Chinese electronics supplier Luxshare Precision Industry has signed a preliminary agreement with a Suzhou-based acoustics devices company owned by Taiwan-based Merry Electronics. Details of the deal include Luxshare paying up to $89.5 million for as much as 60 percent of ownership shares in the Suzhou-based company.