Bright LED Electronics Corp. (TWSE:3031) agreed to acquire remaining 7.36% stake in KoBrite Corp for $0.47 million on March 14, 2024. Upon completion, Bright LED will own 100% in KoBrite, which will be dissolved and liquidated.

The proceeds from the acquisition will be used as working capital. The transaction is subject to approval from Department of Investment Review under the Ministry of Economic Affairs.