IQE acquires full ownership of Singapore joint venture CSDC

IQE plc acquired the third-party shareholdings in its CSDC joint venture in Singapore, taking its ownership to 100 percent. The acquisition was for a nominal fee of USD 1 to WIN Semiconductors and SGD 1 to other shareholders.

“By taking the operation under 100 percent ownership, IQE says it is best placed to take the necessary steps to restructure the operation which is currently loss-making”yolegroup.com

• 2 sources
• yolegroup.comIQE acquires Singapore joint venture CDSCGracy AdelineOct 9, 2019
• reuters.comUK's IQE to take over Singapore joint venture | ReutersOct 10, 2019

Summarized from public sources; check the original articles before acting on it.