DigiTimes has reported that CMC Magnetics recently invested NT$500 million (US$15.6 million) in Prodisc Technology, making them the largest institutional shareholder. According to the article, the investment will form a strategic alliance between the two companies.
CMC Magnetics, the largest producer of optical discs in Taiwan, on February 10 announced an additional investment of NT$500 million (US$15.6 million) in Prodisc Technology, Taiwan's third largest maker of optical discs, to increase its stake ratio to 11.93%, making it Prodisc's largest institutional shareholder.
What's interesting is that CMC's biggest competitor, Ritek, also has a stake of nearly 5% in Prodisc. If you'd like to read more, head on over to DigiTimes.
