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TDK Buys Magnecomp

MIL to sell entire 74.3% stake in Thai-listed MPT to Japan's TDK for $123M

SINGAPORE -- Magnecomp International Limited (MIL” or

“the Group”) announced today that it will sell its approximately 74.3% stake in

Magnecomp Precision Technology Public Company Limited (“MPT”), a leading

producer of high-precision suspension assemblies for hard disk drives (“HDD”) which

is listed on the Stock Exchange of Thailand (“SET”), to TDK Corporation of Japan

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