Mega International Investment Services Co., Ltd made an offer to acquire 8.08% Stake in HEP Tech Co., Ltd. for TWD 61.4 million.
May 19, 2020
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Mega International Investment Services Co., Ltd made an offer to acquire 8.08% Stake in HEP Tech Co., Ltd. (GTSM:3609) for TWD 61.4 million on May 20, 2020. Mega International offered to acquire 2.45 million shares at an offer price of TWD 25 per share. If the number of shares to be sold is less than 1,000 shares, the tender offer will not be accepted. The offer will commence from May 22, 2020 and will be valid till June 10, 2020. Mega Securities Co., Ltd. acted as financial advisor, Wu Mingyi of M Y Wu & Co., CPAs acted as an accountant and Zhuang Wenyu of C&A Law Firm acted as legal advisor for Mega International.
Hep Tech Co Ltd is a Taiwan-based company principally engaged in the research and development, manufacture, and sale of electric light source driving components. The main products include electronic ballasts, electronic transformers, and light emitting diode (LED) electronic drivers. The products are applied in electric light sources such as halogen lamps, fluorescent lamps, mercury lamps, metal halide lamps, high pressure sodium lamps and LED lamps, and others. The main function of the product is to provide lighting voltage, stable current, or voltage transformation. The Company is also engaged in the sale of finished vehicles, car boutique modification kits and bicycles. The Company distributes its products within Taiwan and overseas markets, including the rest of Asia, Europe, Americas, and others.