# IMI sells 80% stake in STI Enterprises to Rcapital

Integrated Microelectronics Inc. (IMI) sold its 80% stake in subsidiary STI Enterprises Ltd. to London-based private investment firm Rcapital, resulting in an $84 million loss.

- Type: Acquisition
- Announced: 2023-08-04
- Status: completed
- Products: microelectronics
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Integrated Microelectronics](https://endata.com/companies/23557.md)
- [STI Enterprises Limited](https://endata.com/companies/23447.md) (target)
- [Rcapital](https://endata.com/companies/71850.md) (acquirer)

## Sources

- [manilatimes.net](https://www.manilatimes.net/2023/08/05/business/corporate-news/imi-posts-p47-b-loss-from-sale-of-subsidiary/1903962), 2023-08-04: "IMI on Friday reported an $84-million loss from the sale of subsidiary STI Enterprises Ltd."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.