Chilisin Electronics Corp. (TWSE:2456) agreed to acquire Bothhand Enterprise Inc from Kaimei Electronic Corp. for TWD 2.8 billion on December 23, 2020.

Chilisin is acquiring 100% stake in Bothhand in exchange for TWD 2.8 billion in cash. In a related transaction, Kaimei agreed to acquire Ralec Co., Ltd. from Chilisin for TWD 5 billion in cash. The board of both parties have approved the deal and it is expected to close before the end of January 2021.