AOS sells portion of JV equity interest for $16.9M

Alpha and Omega Semiconductor sold approximately 2.1% of its equity interest in its Chongqing joint venture to a third party for RMB 108 million ($16.9 million), reducing its ownership to 48.8% and deconsolidating the JV from its financial statements.

“The Transaction assists the JV Company in meeting certain regulatory listing requirements.”investor.aosmd.com

• 1 source
• investor.aosmd.comAlpha and Omega Semiconductor - AOS Announces Sale of Portion of JV Equity Interest and Financial DeconsolidationDec 7, 2021

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