We hold a 44.5% equity stake in in Gul Technologies Singapore Pte. Ltd. (“GulTech”), which manufactures printed circuit boards.
GulTech is a respected manufacturer in the printed circuit boards market, serving customers in the automotive, computer peripheral, consumer electronics, telecommunications, healthcare and instrument and control sectors. It has three manufacturing plants in Suzhou and Wuxi, China. Leveraging on its innovative designs and prototype expertise, GulTech continues to work in partnership with multinational clients to provide leading-edge solutions in a highly dynamic and fast-paced technological environment. Its customers include leading suppliers and manufacturers for automotive systems such as Visteon Corporation, Continental AG and Wistron Corporation.
In 2021, Gultech China Pte Ltd (“Gultech China”), a wholly-owned subsidiary of GulTech, divested approximately 17.5% of the total shares in the issued share capital of Gultech (Jiangsu) Electronics Co., Ltd (“Gultech Jiangsu”) to Yonghua Capital, Wens Capital, investment arms of the local authority (Xishan Economic and Technology Development Zone), and entities set up to administer an employee share option plan. The onboarding of new shareholders as part of a broader restructuring of Gultech Jiangsu’s shareholding capital is in line with its strategic review and positions the company for a possible listing in China. The strategic review is on-going.
For more information, please visit www.gultech.com