ASUSTeK Computer Inc. acquired an additional 15% stake in Portwell, Inc. from Posiflex Technology, Inc. for approximately TWD 820 million.
June 29, 2022
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ASUSTeK Computer Inc. (TWSE:2357) acquired an additional 15% stake in Portwell, Inc. from Posiflex Technology, Inc. (TWSE:8114) for approximately TWD 820 million on June 30, 2022. As per the transaction, ASUSTeK Computer Inc. acquired additional 14.74 million shares at TWD 55.94 per share. Post completion, Posiflex Technology, Inc. still holds 55% stake of Portwell, Inc. while ASUSTeK Computer Inc. holds 45% stake of Portwell, Inc. Sheng-Jie Tu of Sheng-Jie Accounting Firm acted as accountant to Posiflex Technology, Inc.
ASUSTeK Computer Inc. (TWSE:2357) completed the acquisition of an additional 15% stake in Portwell, Inc. from Posiflex Technology, Inc. (TWSE:8114) on June 30, 2022.
Posiflex Technology Inc is a Taiwan-based company principally engaged in the research, development, manufacture and sale of industrial computer system products and industrial computer peripheral products. The industrial computer system products include point-of-sale (POS) systems, information service systems and industrial computer products. The industrial computer peripheral products include POS peripheral equipment. The Company's products are mainly applied in the areas of retailing, Internet of things and finance. The Company distributes its products mainly to the Americas, Europe and Asia markets.