Alps Alpine Co (JP:6770) has released an update.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Alps Alpine Co., Ltd. has decided to sell its power inductor business to Delta Electronics (Japan), aiming to enhance corporate value and focus on core technologies and growth sectors. This strategic move, expected to improve capital efficiency and increase corporate value, involves transferring assets related to power inductor R&D, manufacturing, and sales, with a total purchase price of approximately $71 million. The decision aligns with Alps Alpine’s growth strategy to concentrate resources in areas of strength within the electronic components field.
For further insights into JP:6770 stock, check out TipRanks’ Stock Analysis page.
Trending Articles:
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue