Tongxin Electronics acquires GTC for S$76.71 million

Tongxin Electronics has initiated a full-cash acquisition of GTC, the parent entity of Wanbang Technology, for S$76.71 million, representing a 129.31% premium, integrating testing capabilities with packaging under the Foxconn group.

“Electronics has initiated a full-cash acquisition of GTC, the parent entity of Wanbang Technology, in a cross-border merger that underscores the strategic expansion of the Foxconn group.”woofun.ai

• 1 source
• woofun.aiTongxin Electronics Acquires GTC for S$76.71M at 129% Premium | Woofun ResearchNov 10, 2026

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