Guangdong Fenghua Advanced Technology (Holding) Co., Ltd. (SZSE:000636) made an offer to acquire 40% stake in Viking Tech Corporation (GTSM:3624) from Thye Ming Industrial Co., Ltd. (TSEC:9927) and other sellers for TWD 1.4 billion in cash on September 22, 2015. Under the terms of the offer Guangdong Fenghua Advanced Technology will acquire 41.1 million to 46.9 million shares at TWD 29.8 per share. Thye Ming Industrial Co., Ltd. will sell 13.67 million shares for TWD 407.49 million. Post closing, Thye Ming Industrial Co., Ltd. will not own any shares in Viking Tech Corporation. The transaction is subject to approval by Taiwan's Investment Commission. Guangdong Fenghua will acquire the share from May 5, 2016 to June 22, 2016. On February 18, 2016, the transaction received National Development and Reform Commission's approval.

Guangdong Fenghua Advanced Technology (Holding) Co., Ltd. (SZSE:000636) completed the acquisition of 40% stake in Viking Tech Corporation (GTSM:3624) from Thye Ming Industrial Co., Ltd. (TSEC:9927) and other sellers on June 22, 2016.