DIODES INCORPORATED (NASDAQ:DIOD) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01
|
Entry into a Material Definitive Agreement. |
On December 7, 2016, Diodes (Shanghai) Investment Company Limited
(Diodes Shanghai), a wholly-owned subsidiary of Diodes
Incorporated (the Company), entered into a 2016 Amendment to
Joint Venture Agreement (the Amendment) with Chengdu Ya Guang
Electronic Company Limited (Ya Guang).Under the Amendment, both
parties agree that the registered capital of Diodes Technology
(Chengdu) Company Limited, the joint venture semiconductor
manufacturing entity between the Company and Ya Guang (the Joint
Venture), shall be increased by US$76 million to US$126 million,
together with additional paid in capital of $8 million.The
increase in registered and additional paid in capital will be
made by a US$12 million cash contribution by Diodes Shanghai and
by the conversion of approximately US$72 million of existing
indebtedness of the Joint Venture to subsidiaries of the Company.
The ownership in the Diodes Shanghai Joint Venture will be
increased from 95% to approximately 98%.
The foregoing summary is qualified in its entirety by reference
to the copy of the Amendment, which are being filed as Exhibits
99.1 to this Current Report on Form 8-K.
|
Item 9.01 |
Financial Statements and Exhibits. |
(d) Exhibits.
|
Exhibit Number |
Description |
|
99.1 |
2016 Amendment to Joint Venture Agreement, effective as |
About DIODES INCORPORATED (NASDAQ:DIOD)
Diodes Incorporated is a global manufacturer and supplier of application-specific standard products within the discrete, logic, analog and mixed-signal semiconductor markets, serving the consumer electronics, computing, communications, industrial and automotive markets. The Company’s products include diodes; rectifiers; transistors; metal-oxide semiconductor field-effect transistors (MOSFETs); protection devices; amplifiers and comparators; Hall-effect and temperature sensors, and power management devices, including light emitting diode (LED) drivers, alternating current (AC)-direct current (DC) and DC-DC switching, linear voltage regulators and voltage references, along with special function devices, such as universal serial bus (USB) power switches, load switches, voltage supervisors and motor controllers. It also holds interests in Pericom Semiconductor Corporation, which designs, develops and markets integrated circuits (ICs) and frequency control products (FCPs). DIODES INCORPORATED (NASDAQ:DIOD) Recent Trading Information
DIODES INCORPORATED (NASDAQ:DIOD) closed its last trading session down -0.53 at 25.50 with 373,478 shares trading hands.