Sheh Fung Screws Co.,Ltd (TPEX:2065) proposed to acquire an unknown minority stake in Sanitar Co., Ltd. (TWSE:1817) on February 7, 2025. As of February 10, 2025 The offeror, Sheh Fung Screws Co., Ltd., must demonstrate a sound financial condition. This is verified through documents like financial reports and commitment letters.
The source of funds for the tender offer is deemed reasonable, supported by a performance guarantee letter from Taichung Commercial Bank and arrangements with Mega Securities Co., Ltd. independent expert opinion by Chen Yi-Liang determined that the tender offer price of NTD 51 per share is within the reasonable price range of NTD 40.58 to NTD 54.19, making the offer price reasonable. Chen Yi-Liang of YI XIANG & Co act as fairness opinion in the transaction.
