Walsin Technology Corporation (TSEC:2492) made a tender offer to acquire an additional 9.9% stake in Silitech Technology Corporation (TSEC : 3311) for approximately TWD 180 million on November 2, 2020. The offer price is TWD 30 per share. Walsin will fund the transaction from its own funds. Transaction is subject to minimum tender of 5% stake. As of November 2, 2020, Board of Directors of Walsin approved the transaction. Silitech will make a review committee to review the offer and will hold Board meeting for the recommendation to shareholders. Tender offer period is from November 4, 2020 to December 3, 2020 and the extension of the acquisition period shall not exceed 50 days. Susan Lo of Lee and Li, Attorneys-at-Law, acted as legal advisor for Walsin. LIN SHIOU LIAN acted as lawyer and Lin Xiulian of Champion Certified Public Accountants & Co. acted as accounting, law or securities firm on the deal. Champion Certified also acted as fairness opinion provider in the transaction.

Walsin Technology Corporation (TSEC:2492) cancelled the acquisition of an additional 9.9% stake in Silitech Technology Corporation (TSEC : 3311) on December 3, 2020. Transaction was cancelled as only 0.142030 million shares were tendered till December 3, 2020, which did not reach the minimum number of shares for acquisition, that is 3 million shares, so the conditions of this public tender offer were not achieved.