Qisda Corporation (TSEC:2352) made an offer to acquire a 42.8% stake in Partner Tech Corp (GTSM:3097) for TWD 1.3 billion on March 9, 2017. Qisda Corporation will make a public tender offer wherein it plans to acquire a maximum of 32.15 million and minimum of 18.63 million shares at TWD 40 per share in cash. The tender offer will be open from March 10, 2017 to March 30, 2017.

The transaction is subject to minimum tender of 18.6 million shares and maximum tender of 32.2 million shares, approval by FSC, Taiwan Fair Trade Commission and other regulatory approval. As of March 17, 2017, the accumulated tendered shares have reached 19.7 million shares, exceeding the planned minimum amount of 18.639 million shares, and thus, all the conditions have been satisfied. KGI Securities Co.

Ltd. acted as financial advisor for Qisda Corporation.