Diodes Inc. announced an agreement to invest in Eris Technology Corp., a publicly traded Taiwanese company listed that provides design, manufacturing and aftermarket services for diode products.
Eris has announced that it will offer to its shareholders and employees up to 10 million shares of common stock at NT$39 per share to raise NT$390 million (approximately US $14 million). Diodes has agreed to purchase any shares not purchased by Eris’ shareholders and employees and Eris’ founders have agreed to sell Diodes any shares necessary to ensure that Diodes will obtain a minimum of 8 million shares, which represents an approximately 24 percent ownership in Eris after the capital increase.