ASMPT (00522.HK) Completes Disposal of Wholly-Owned Subsidiary NEXX for USD 120 Million
NewTimeSpace News: On June 4, 2026, ASMPT (00522.HK) announced the completion of the sale of all issued ordinary shares of indirectly wholly-owned subsidiary ASMPT NEXX, Inc. to Applied Materials, Inc. on June 3, 2026. Following completion, NEXX ceases to be a subsidiary of the Group and its financial results will no longer be consolidated into the Group’s consolidated financial statements.
Per the announcement, the total consideration is USD 120 million. As at March 31, 2026, the target’s unaudited net asset value stood at approximately USD 106.2 million. After adjustments for working capital and indebtedness, the estimated net gain from the disposal amounts to around HK$11 million.
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