Fu-Chian Tire Corporation Limited (GTSM:5102) agreed to acquire an additional 2.66% stake in Founding Construction & Development Co., Ltd. (TSEC:5533) for approximately TWD 140 million in cash on November 20, 2015. Fu-Chian Tire agreed to acquire additional 7.14 million shares for TWD 19.36 per share. Prior to the transaction, Fu-Chian Tire Corporation Limited held 2.16% stake in Founding Construction & Development Co., Ltd.
Founding Construction Development Corp.
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5533
TW0005533004
Real Estate Development & Operations
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- Fu-Chian Tire Corporation Limited agreed to acquire an additional 2.66% stake in Founding Construction & Development Co., Ltd. for approximately TWD 140 million.