Ample Electronic Technology Co., Ltd. Listed on Taipei Exchange (Fund III)
Apr 3, 2019
The CID Group (“CID”) is delighted to announce that Ample Electronic Technology Co., Ltd. (“Ample”, Stock Code 4760:TT), one of CID Greater China Venture Capital Fund III, L.P (“Fund III”) portfolio companies, has successfully transferred to the Main Board from the Emerging Board of Taipei Exchange on March 21st, 2019.
Founded in 2007, Ample is specializing in producing conductive silver paste, silver palladium paste, copper and nickel paste, etc, in applicable to a variety of industries including photovoltaic (PV), touch panels, flexible circuitry, solar energy, as well as passive components. Its dedication in innovation, product testing equipment, and process equipment simulation increase products yield rates and strengthen Ample's gross margin. As of end of 2018, Ample booked NTD 713M revenue and 56M net profit with 60% YoY growth.
CID Fund III invested Ample in 2010, and has been working closely with the company in exploring products application other than passive components to different industries. We also utilized resources to build strategic alliance for the company’s growth, and facilitated the IPO preparation. Based on the closing price of the latest trading day, the market cap of Ample is NTD 916 million, achieving 2.2x multiple for CID’s investment.
For the last two decades, CID has been focused on venture investments and industry integration opportunities in the Greater China market. CID has invested in 194 companies and achieved 117 exits.