PANJIT’s Board of Directors announced the signing of a Memorandum of Understanding (MoU) with Torex Semiconductor Ltd. (Torex) regarding the potential sale or transfer of all or part of Torex’s shares in its subsidiary, TOREX VIETNAM SEMICONDUCTOR CO., LTD. (TVS), to PANJIT.
Following a potential share transfer, PANJIT would hold a majority stake in TVS and acquire its production lines for the manufacture of PANJIT products. Torex would continue to outsource the production of its products to TVS, ensuring a stable supply.
Original – PANJIT International