SIIX (TYO:7613) agreed to transfer all equity in its Hungarian subsidiary, SIIX Hungary Kft, as part of its previously announced dissolution and liquidation plan, according to a Tuesday filing on the Tokyo Stock Exchange.
The buyer is Vipulse Technology, a Hungary-based wire and cable manufacturer owned by Managing Director Orhan Altinok.
SIIX will divest its full stake, leaving it with no interest after the planned April 30, 2026, transfer date. The price was not disclosed.
The electronic manufacturing service company expects to book about 425 million yen in extraordinary losses on a consolidated basis and about 2.24 billion yen on a non-consolidated basis for the year.
