Upon completion of the proposed acquisition, the group may nominate its representatives to be appointed as director representing no more than one third of the board of directors at CCSS.
Trek 2000 International says its wholly-owned subsidiary, Trek Technology (Singapore), has entered into a share subscription agreement with China Chips Star Semiconductors (CCSS), according to an Oct 9 release.
Under the agreement, Trek Technology is set to acquire a 20% stake or 2,750,000 ordinary shares in CCSS at a consideration of US$1.6 million ($2.1 million).
