GlobalWafers Co., Ltd. agreed to acquire Crystalwise Technology Inc. from Sino-American Silicon Products Inc. and others for approximately TND 420 million.

GlobalWafers Co., Ltd. (TPEX:6488) agreed to acquire Crystalwise Technology Inc. (TPEX:4944) from Sino-American Silicon Products Inc. (TPEX:5483) and others for approximately TND 420 million on May 2, 2023. For every 1 share of Crystalwise, GlobalWafers issue 0.02 new shares. GlobalWafers Co., Ltd. board of directors approved the transaction.

The transaction is subject to Crystalwise shareholder and regulatory approval. Transaction is expected to be completed by November 1, 2023. Sheng-Ping Huang of Shangher accounting firm acted as accountant to GlobalWafers Co., Ltd.