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In a sign of how much weight the pcb board Apple (NASDAQ:AAPL) name carries in the worldwide tech industry, a minor China-based electronics supplier has seen its stock rise dramatically pcb board after news broke that an Apple supplier was acquiring a 29.9 percent stake in the company, reports Forbes. AKM Industrial has seen its pcb board stock jump over 27 percent in the last two trading sessions after Apple acoustic component supplier GoerTek announced that it will buy 290.9 million shares of the company. AKM Industrial’s shares closed up $0.16 at $0.75 on Friday.
According to its official website, “GoerTek is a pcb board worldwide leading acoustic component and audio consumer electronic product designer and manufacturer. It provides total audio solutions to leading companies in communication and mobile industries, serving tier one customers with innovation, pcb board cost competition and time-to-market.”
GoerTek will reap an immediate benefit from its investment in AKM Industrial, since it will purchase shares at about $0.06 each. However, Forbes noted that GoerTek’s investment in pcb board the company is still subject to shareholder pcb board approval. About 65 percent of AKM Industrial is owned by North Industries, a Chinese government-run pcb board conglomerate also known as Norinco.
