Pan Jit International Inc. (TSEC:2481) made a tender offer to acquire 20% stake in Alltop Technology Co., Ltd. (GTSM:3526) from shareholders for TWD 1.5 billion on January 22, 2021. The shares will be acquired at TWD 105 per share in cash. The consideration will be financed from internal resources.

The Board of Directors of Pan Jit International Inc. approved the deal. The tender offer will start no later than January 26, 2021. As of February 5, 2021, all the conditions for tender offer have been satisfied.

The offer period will expire on February 25, 2021. Wilson Hsu of Wlcc Accountancy Corp acted as accountant and Jennifer Wang of Chen&Lin acted as legal advisor for Pan Jit.