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Stock impact report

TTM Technologies, Inc. Completes Previously Announced Sale of Mobility Business Unit Following Receipt of Chinese Regulatory Clearances

TTM Technologies, Inc. (TTMI) 
Last ttm technologies, inc. earnings: 4/29 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.ttm.com
Company Research Source: GlobeNewswire
SANTA ANA, Calif., April 19, 2020 (GLOBE NEWSWIRE) -- TTM Technologies, Inc. (NASDAQ: TTMI) (“TTM”) today announced the completion of the divestiture of its four China manufacturing plants comprising substantially all of the assets of its Mobility business unit.  The Buyer is AKMMeadville Electronics (Xiamen) Co., Ltd. (“AKMMeadville”), a Chinese consortium consisting of Meizhi Investment (Xiamen) Co., Ltd., Xiamen Semiconductor Investment Group Co., Ltd., AKM Electronics Industrial (Panyu) Ltd. (“AKM”), and Anmei Ventures (Xiamen) Equity Investment Partnership (Limited Partnership) (“Anmei”). The transaction is an important step in advancing TTM’s stated strategy of increasing its focus on growth markets characterized by long product cycles such as aerospace and defense, automotive, medical, industrial, instrumentation and networking/communications that more fully leverage TTM’s early engagement capabilities and industry leading differentiated solutions, while decreasing its focus Show less Read more
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