Compal Electronics, Inc. (TWSE:2324) made an offer to acquire 65% stake in Poindus Systems Corp. (TPEX:6599) for approximately TWD 410 million on February 10, 2022. As per the transaction, Compal Electronics, Inc. made the offer to acquire minimum of 10.71 million shares (51%) and maximum of 13.65 million shares (65%) at TWD 30 per share.

Transaction will be funded through self owned funds. Transaction is subject to achieving minimum acceptance of 10.7 million shares. The Board of Directors of Compal Electronics has resolved the transaction.

Compal held a Board meeting today (10th) and approved the acquisition of Poindus. The offer period will commence from February 11, 2022 to March 7, 2022. KGI Securities Co.

Ltd. acted as tender offer agent in the transaction. Chi-Sheng and Chiu of Crowe Horwath International, Taipei Office acted as accountant to Compal Electronics, Inc. As on March 2, 2022, all the conditions of the transaction has been satisfied.