Wednesday, February 7, 2018

Cirtek Holdings Philippines Corporation (TECH)

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For the updated or exact information, you should check edge.pse.com.ph or their official website.

1. Company Information
Company Name
Cirtek Holdings Philippines Corporation (TECH)
Sector
Industrial
Incorporation Date
Feb 10, 2011
Subsector
Electrical Components & Equipment
Number of employees
2,807 (Group Total)
Board of Directors
Chairman: Jerry Liu
Website / E-mail
http://www.cirtekholdings.com
2. Stock Information
Total Assets
USD 236,022,541
Market Capitalization
17,705,426,664.25
Total Liabilities
USD 169,821,083
Outstanding Shares
419,063,353
Retained Earnings
USD 27,175,209
Listed Shares
419,063,353
Listing Date
Nov 18, 2011
Issued Shares
419,063,353
Board Lot
100
Free Float Level (%)
32.73%
Par Value
1.00
Foreign Ownership Limit
100%
3. Major Stock Holders (common shares)
CAMERTON, INC.
PCD NOMINEE FILIPINO
PCD NOMINEE NON-FILIPINO
49.84%
47.60%
02.50%
4. Company Descriptions and Business Development
Notes
1. Liu Family’s Camerton has 50% economic interest and 74.4% voting rights.
Overview
It is engaged in (1) the manufacture and sales of semiconductor packages as an independent subcontractor for outsourced semiconductor assembly, test and packaging services,(2) the manufacture of value-added, highly integrated technology products.


Business
Revenue contribution in 2016 (in US Dollars)
CEC
CATS
43,683,000
30,630,000
58.78%
41.22%

CEC’s major products were Discrete ($12m), multichip ($9.6m) and IC ($9.8m). CATS’s major products were Outdoor unit ($6.4m) and Antenna System ($19.4m).
Its customers are from USA (55%), Europe (26%) and Asia (19%).

Business Development
2017: It acquired 100% of Quintel Technology Limited, a leading US manufacturer of multi-port, multi-frequency antenna.
2018: BOD approved acquition of 49% of Multipay Corporation.

Subsidiaries / Associates / Affiliates / Joint Ventures
Cirtek Electronics Corporation (CEC)
CEC provides turnkey solutions that include package design and development, wafer probing, wafer back grinding, assembly and packaging, final testing of semiconductor devices, and delivery and shipment to its customers' end users. CEC has over 64 regular customers. It produces light sensors, power management devices, electronic relays and etc.
Cirtek Electronics International Corporation (CEle)
It is engaged in assembly and testing process of semiconductor.
CEIC recently acquired Remec Broadband Wireless Inc. (RBWI), recently renamed Cirtek Advanced Technologies and Solutions, Inc, (CATS). CATS offer complete "box build" turnkey manufacturing solutions to RF, microwave, and millimeterwave products.

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