IDG Leads Race to Buy ASMPT’s SMT Unit in Deal Valued Over $1 Billion
IDG Capital is the most advanced bidder for ASMPT’s electronics assembly equipment business, three people with knowledge of the matter said. The deal could value the unit at over $1 billion.
By Kane Wu and Yantoultra NguiIDG Capital has emerged as the most advanced bidder to buy the electronics assembly equipment business of Hong Kong-listed ASMPT HKEX:522, in a deal that could value the unit at over $1 billion, three people with knowledge of the matter said.The surface mount technolog…