Xxentria-Chi Co.,LTD made an offer to acquire 60% stake in Kuobrothers Corp. (TPEX:8477) for approximately TWD 350 million on February 6, 2024. Xxentria-Chi Co.,LTD is paying TWD 16.65 per share.

Transaction is expected to complete on March 27, 2024. As of March 6, 2024, the accumulated tendered shares have reached 12,807,220 shares, exceeding the planned minimum amount of 8,698,206 shares and all the conditions of this tender offer have been satisfied. Cheng feng International Law Firm acted as Legal advisor to Kuobrothers Corp.

Lin Minyang CPA of Eslite CPA firm acted as accountant to Xxentria-Chi Co.,LTD. Yuanhe CPA Firm acted as accountant to Xxentria-Chi Co.,LTD.