UMT to acquire majority stake in Dynahz Technologies for NT$1.7 billion

Universal Microwave Technology (UMT), a manufacturer of satellite and millimeter-wave (mmWave) communication components, suspended trading on July 15 and held a material information briefing. The company announced that its board of directors approved the acquisition of more than a 51% stake in high-frequency connector manufacturer Dynahz Technologies for no more than NT$1.7 billion (approx. US$52.8 million).