Robin Lynn & Lee is proud to share that the firm has acted for MFS Technology (S) Pte. Ltd., a subsidiary of Victory Giant Technology (Huizhou) Co., Ltd in its acquisition of SunPower Malaysia Manufacturing Sdn. Bhd. from Maxeon Solar Group for USD 51 million, a landmark transaction in Malaysia’s manufacturing sector, as reported by EnergyTrend.
Victory Giant Technology Co., Ltd. is a leading global manufacturer of high-precision printed circuit boards (PCBs) including high-density interconnect (HDI), multilayer PCBs and flexible PCBs. As global PCB manufacturers optimise their portfolios, Malaysia continues to stand out as a resilient and attractive platform within the world supply chain for semiconductor. This cross-border transaction involved a carve-out of existing manufacturing business, pre-completion capital restructuring, and a locked-box pricing mechanism, requiring careful coordination across multiple jurisdictions and stakeholders.
The transaction also underscores the firm’s deep expertise in cross-border M&A, strategic advisory and execution excellence. Robin Lynn & Lee’s Corporate Partner Bin Hau Lee and Associate Caroline Gan were involved in this transaction together with PRC Counsel Junhe LLP. Congratulations to the deal team and the client on this milestone.
Sources & Regulatory Filings:
- Maxeon Solar Group (SEC Disclosure)
- Victory Giant Technology (Corporate Announcement)
- EnergyTrend (News Coverage)
