Amcor Agrees to 16.67% Shareholding in K Laser

Amcor has announced it has entered into an agreement to subscribe for new shares to purchase a 16.67% shareholding in K Laser China; a subsidiary of the Taiwan publicly listed K Laser Technology (H.K) Company Ltd for a consideration of approximately US$10 million. It also has options to invest a further US$15 million in new shares and acquire existing shares for US$12.6 million to increase its shareholding in K Laser China to 50.1% over the next two years.

Amcor will also purchase 5.6 million new shares in K Laser Technology, for a consideration of US$3.5 million, giving it a 4.2% shareholding in that company. K Laser has an option to require Amcor to invest a further US$8.2 million in K Laser Technology over the next two years upon the exercise of Amcor’s options in K Laser China.

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