BYD announced on September 27 that its holding subsidiary BYD Electron

Published: Sep 27, 2023 14:04

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BYD announced on September 27 that its holding subsidiary BYD Electronics and Jabil Inc.'s subsidiary Jabil Singapore have signed a "Equity Acquisition Agreement". BYD Electronics intends to acquire the mobile electronic manufacturing business of Jabil Inc., which produces consumer electronic components, for approximately RMB 15.8 billion in cash, mainly located in Chengdu and Wuxi. Jabil Singapore has newly established a legal entity Juno Newco in Singapore and intends to reorganize the target business into Juno Newco. BYD Electronics will mainly complete the acquisition through the acquisition of 100% equity of Juno Newco and Singapore assets.

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