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    3257   TW0003257002

CHAMPION MICROELECTRONIC CORPORATION

(3257)
  Report
End-of-day quote Taiwan Stock Exchange  -  2023-01-16
43.00 TWD   +0.94%
2022Champion Microelectronic Corporation Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
CI
2022Champion Microelectronic Corporation Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
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2022Champion Microelectronic Corporation Reports Earnings Results for the First Quarter Ended March 31, 2022
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Panjit International Inc. (TWSE:2481) completed the acquisition of 30% stake in Champion Microelectronic Corporation (TWSE:3257).

03/17/2022 EST

Panjit International Inc. (TWSE:2481) made an offer to acquire a 30% stake in Champion Microelectronic Corporation (TWSE:3257) for TND 1.9 billion on February 14, 2022. Panjit will acquire up to 23.996 million shares of Champion Microelectronic Corporation at a price of TWD 80.8 per share in cash. The planned maximum number of the acquisition is 23.996 million shares (about 30% equity), and the minimum number of the acquisition is 4 million shares (about 5% equity). If the minimum number of shares to be acquired is reached, this public acquisition will be considered as completed. Transaction will be funded from own available funds of Panjit. Matters involved in this public tender offer that must be approved or declared to be effective by the FSC or other competent authorities. Transaction is approved by the board of Panjit International Inc. Champion Microelectronic Corporation will hold review committee to recommend the shareholders on the acceptance of Offer. An on March 2, 2022, minimum tender is achieved and all the conditions of the transaction have been satisfied.

Offer will be open from February 16, 2022 to March 17, 2022. Mark Wei-Chen Tu of Baker & McKenzie, Taipei acted as legal advisor to Panjit International Inc. Tu Shengjie of Tu Shengjie acted as accountant and Tu Shengjie, An Investment Banking Arm acted as fairness opinion provider to Panjit.

Panjit International Inc. (TWSE:2481) completed the acquisition of 30% stake in Champion Microelectronic Corporation (TWSE:3257) on March 17, 2022.


ę S&P Capital IQ 2022
Stocks mentioned in the article
ChangeLast1st jan.
CHAMPION MICROELECTRONIC CORPORATION 0.94% 43 End-of-day quote.-0.46%
PANJIT INTERNATIONAL INC. 0.48% 62.8 End-of-day quote.8.46%
UK 10Y CASH -0.88% 3.3198 Delayed Quote.-10.59%
All news about CHAMPION MICROELECTRONIC CORPORATION
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2022Panjit International Inc. (TWSE:2481) completed the acqu..
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2022Pan Jit Eyes 30% stake in Champion Microelectronic Worth Up to $70 Million
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2022Champion Microelectronic : Resolution by the Board of Directors to distribute dividends
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Financials
Sales 2021 1 296 M 42,8 M 42,8 M
Net income 2021 401 M 13,3 M 13,3 M
Net cash 2021 1 045 M 34,5 M 34,5 M
P/E ratio 2021 13,8x
Yield 2021 -
Capitalization 3 432 M 113 M 113 M
EV / Sales 2020 5,13x
EV / Sales 2021 3,43x
Nbr of Employees -
Free-Float 50,0%
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Managers and Directors
Hsin Nien Huang General Manager
Chih Hsien Shih Head-Finance
Kao Chung Tsai Chairman
Hung Chen Lin Deputy General Manager-Operations
Yaw Wen Hu Independent Director
Sector and Competitors