Alpha & Omega Semiconductor Ltd

NASDAQ:AOSL   9:51:14 AM EDT
43.82
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Other Pre-Announcement

AOS Announces Sale Of Portion Of JV Equity Interest And Financial Deconsolidation

Published: 12/07/2021 14:35 GMT
Alpha & Omega Semiconductor Ltd (AOSL) - Aos Announces Sale of Portion of Jv Equity Interest and Financial Deconsolidation.
Alpha and Omega Semiconductor Ltd - Transaction Related to a Sale of About 2.1% of Outstanding Equity Interest in Jv Co in Chongqing, China.
Alpha and Omega Semiconductor Ltd - Sale to Third Party Investor for an Aggregate Purchase Price of Rmb 108 Million.
Alpha and Omega Semiconductor Ltd - Co is Reducing Its Ownership to Below 50% in Jv Co.
Alpha and Omega Semiconductor Ltd - After Transaction, Jv Co Intends to Raise Up to $200 Million Through Private Funding Rounds for Phase Ii Expansion.
Alpha and Omega Semiconductor - As Part of Transaction, Co's Right to Designate Directors on Board of Jv Co Will Be Three Instead of Four Directors.
Alpha and Omega Semiconductor Ltd - Deconsolidation is Not Expected to Have a Material Impact on Co's Operational Financial Performance.
Alpha and Omega Semiconductor Ltd Says Our GAAP and Non-GAAP Guidance for December 2021 Quarter Remains Unchanged.