Stock News:UTAC buys over NS Electronics!

United Test and Assembly Center Ltd, a leading independent global provider of semiconductor assembly and test services (“SATS”), announced today it intends to acquire NS Electronics Bangkok (1993) Ltd (“NSEB”), a full turnkey SATS provider based in Thailand, in an all-cash transaction amounting up to $175 million for a 100% stake. The proposed acquisition will be funded through internal resources and bank borrowings.