ASPOCOMP’S OWNERSHIP IN THE FORMER THAI SUBSIDIARY CHANGES

Aspocomp Group Oyj   Company Announcement  March 31, 2009 at 4:00 pm 

 

ASPOCOMP’S OWNERSHIP IN THE FORMER THAI SUBSIDIARY CHANGES

 

Aspocomp’s ownership in the former subsidiary PCB Center Company Limited, previously Aspocomp (Thailand) Co.,Ltd., has increased from 6.17 % to 14.11 % on 31.3.2009.

 

The increase of ownership is a consequence of the conversion of 48 million Baht, about 1.0 million Euros, loan receivable into shares based on the agreement signed on 16.10.2008.

 

The conversion does not have any profit or cash flow impact, because the loan receivable was written off in the Aspocomp’s Financial Closing of 2008.

 

The conversion strengthens the Equity and improves the financial solidity of PCB Center.

 

 

For further information, please contact Isto Hantila, CEO,

tel. +358 50 406 0656.

 

ASPOCOMP GROUP OYJ

 

 

 

Isto Hantila

President and CEO

 

Aspocomp: Innovative interconnection solutions for the electronics industry

 

The Aspocomp Group offers and develops innovative interconnection solutions for the electronics industry in close cooperation with its customers. We are strongly positioned as a supplier of data communications equipments and industry. We offer our global customers a fast road to mass production through flexible and cost-effective adaptation of new technologies.

 

The Aspocomp Group’s production facility is located in Oulu, Finland. In 2008, the Group’s net sales stood at about EUR 21 million and it had about 115 employees at the end of December, 2008.

 

 

Distribution:

NASDAQ OMX Helsinki

Major media

www.aspocomp.com