Acer to sell off memory module subsidiary Apacer
Acer has decided to sell off all of its 34.4% holding in memory module subsidiary Apacer Technology, with Powerchip Semiconductor Corporation (PSC), A-Data Technology, and Apacer’s current management team set to take up the released shares, according to industry sources.
PSC is expected to take a thin slice of the Acer holdings, which will nevertheless make it the biggest shareholder of Apacer with an almost 25% stake, the sources said. Apacer’s management team will increase its stake to 20% to become the second largest shareholder, followed by A-Data, who will have 5-10%, the sources said. PSC and A-Data declined to comment, but Apacer said its management team is taking over most of the shares released by the parent company in order to demonstrate its confidence in Apacer.
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