Nanmao, a major Taiwanese packaging and testing company, yesterday’s extraordinary shareholder meeting approved the case of Tsinghua Unigroup’s acquisition of 25% of Nanmao’s equity.
However, this case has caused great discussion in Taiwan. Nanmao Chairman Zheng Shijie specifically quoted Tsai Ing-wen's speech, saying that Nanmao will be "humble, humble, humble, communicate and communicate again."
Zheng Shijie emphasized that Ziguang’s investment can adjust and strengthen Nanmao’s shareholder structure, and the private placement price premium is 24%, which can bring NT$11.9 billion in cash to Nanmao and increase shareholder equity and net worth.
Nanmao also decided to use Ziguang’s investment funds to layout cross-strait production capacity, with the Shanghai plant included in the first batch of major investment plans.
This is another major Taiwanese packaging and testing company that has formed an alliance with Ziguang Group after Li cost held an extraordinary general meeting of shareholders on the 15th and obtained 25% of the equity through Ziguang.
Licheng emphasized that this alliance will help form a cross-strait layout and hopes that the investment review committee will pass it.
In addition, the alliance between Silicon and Ziguang was originally planned to be decided at an extraordinary general meeting of shareholders yesterday. However, considering the strong social backlash, the decision was postponed until the fair committee reviewed the silicon investment case proposed by ASE before making a decision.
Silicon Products questioned that once merged with ASE, the market share of the two companies may drop from the current 58% to 33%, resulting in a loss of orders of NT$30-45 billion and a loss of 8000-12,000 jobs.
ASE, the world's largest packaging and testing company, made a lightning move at the end of August last year and successfully acquired 25% of Silicon Products' shares from the stock market. Later, because Silicon Products found Tsinghua Unigroup to participate in 25% of the shares, ASE made a second move at the end of last year and announced that it would acquire another silicon product. 25% of the equity of Silicon Products, and the per share acquisition price has been increased from NT$45 to NT$55 for the first time. If successful, it will obtain 49.9% of the equity of Silicon Products, squeezing out Tsinghua Unigroup.
Interestingly, at a critical moment at the end of last year, Silicon Products Chairman Lin Wenbo won the first cross-strait Sina Cup business world chess king. And early this morning, an article appeared in the Taiwanese media jointly signed by the eight major Go associations to the first Sina Cup " Lin Wenbo, chairman of the board of directors of Silicon Products, the "chess king in the business world", sent a half-page advertisement to congratulate him. I wonder what his next move will be.
