TMH announced in the afternoon that it had signed a domestic sales channel partnership agreement with Entegris Japan, sending its shares sharply higher in the afternoon session on the news.
TMH announced that it had entered into a domestic sales channel partnership agreement with Entegris Japan, the Japanese subsidiary of the US Entegris Group. This will add Entegris products to TMH Group's domestic sales network.
Entegris provides filters, chemical dispensing systems and wafer carriers used in semiconductor manufacturing, and the agreement means that the products covered will be handled through TMH's existing channels. The announcement was reportedly made at around 2:00 p.m.
Buying focused on the agreement as a catalyst in the stock market, and activity in TMH shares picked up during the afternoon session. The specific term and scale of the agreement are not stated in the article, and attention is expected to focus on future disclosures.