Trio-Tech International acquires full ownership of Jiangsu subsidiary

Trio-Tech International (NYSE:TRT), a $22 million market cap company currently trading below its book value, has acquired the remaining 49% equity interest in its subsidiary, Trio-Tech (Jiangsu) Co. Ltd., resulting in full ownership of the company. According to InvestingPro analysis, TRT appears undervalued based on its Fair Value estimates. The transaction was completed on June 30 through Trio-Tech International’s subsidiary, Trio-Tech (SIP) Co., Ltd., which is based in Suzhou, China.

Prior to this acquisition, Trio-Tech (SIP) Co., Ltd. held a 51% stake in Trio-Tech (Jiangsu) Co. Ltd. The additional 49% equity was purchased from Suzhou Anchuang Technology Management LLP, making Trio-Tech (Jiangsu) Co. Ltd. a wholly-owned subsidiary of Trio-Tech (SIP) Co., Ltd. The company maintains a strong financial position with more cash than debt and a healthy current ratio of 4.89. For more detailed financial metrics and additional insights, check out InvestingPro, which offers 6 more key investment tips for TRT.

Trio-Tech (SIP) Co., Ltd. is itself a wholly-owned subsidiary of Trio-Tech International Pte Ltd, which is based in Singapore and is fully owned by Trio-Tech International.

The information in this article is based on a press release statement included in a filing with the Securities and Exchange Commission.

In other recent news, Trio-Tech International reported a significant decrease in revenue for its fiscal 2025 third quarter, ending March 31, 2025. The company experienced a downturn with total revenue reaching $7.4 million, a decline from $10.4 million in the same period last year. Revenue from the Semiconductor Back-End Solutions segment dropped to $5.4 million, while the Industrial Electronics segment saw revenue fall to $2.0 million. Trio-Tech reported a net loss of $495,000, or $0.12 per diluted share, compared to a net income of $70,000 in the previous fiscal year’s third quarter. Operating expenses decreased slightly to $2.3 million, yet the company faced a loss from operations amounting to $343,000. For the first nine months of fiscal 2025, total revenue was $25.8 million, down from $32.6 million in the same period last year, with a net loss of $224,000. In light of these financial results, Trio-Tech’s Board of Directors has approved a share repurchase program of up to $1.0 million over the next two years. This program will be conducted at the discretion of a Repurchase Committee and may be adjusted based on market conditions and investment opportunities.

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