Acer Inc. (TWSE: 2353) announced that its Board of Directors approved the participation in a private placement of 11 million shares of Apacer Technology Inc. (TWSE: 8271) at a price of NT$33 per share. The total amount is NT$363 million, and after this private placement, Acer will own 8.97% of Apacer shares.
Apacer is already a supplier of Acer, AOPEN, and Altos, while Weblink and other Acer Group companies are distributors of Apacer products. Acer’s participation in Apacer’s private placement will not only expand the strategic collaboration between the two companies but also bring in stable financial income. As the Acer Group continues to build its multiple business engines, the two companies expect to deepen their collaboration and create synergy in more realms.