Today's Information |
Provided by: Taisun Int??l (Holding) Corp. | |||||
SEQ_NO | 2 | Date of announcement | 2022/08/17 | Time of announcement | 20:48:30 |
Subject | Press Release of the Announcement of the Company's Press Conferences Concerning Material Information on 17 August 2022 | ||||
Date of events | 2022/08/17 | To which item it meets | paragraph 51 | ||
Statement | 1.Date of occurrence of the event:2022/08/17 2.Company name:Taisun Int'l (Holding) Corp. 3.Relationship with the Company (please enter "the company itself" or "subsidiaries"):the Company 4.Reciprocal shareholding percentage:N/A 5.Name of the reporting media:N/A 6.Content of the report:N/A 7.Cause of occurrence:The Board of Directors of the Taisun Int'l (Holding) Corp. ("Company") held a meeting today (17 August) and approved the merger of the Company with NHTC Unison Holding Limited and its subsidiaries. NHTC Unison Holding Limited will pay a cash consideration of NT$ 85 per ordinary share to all shareholders of Company to acquire all the issued and outstanding shares of the Company by way of a merger. 8.Countermeasures:The Company held a press conference on 17 August 2022 at 7:30 p.m. at the Taiwan Stock Exchange Corporation to explain this merger. 9.Any other matters that need to be specified: The Company, NHTC Unison Holding Limited and its subsidiary NHTC Unison Company Limited today announced the signing of a merger agreement. NHTC Unison Holding Limited will pay a cash consideration of NT$ 85 per share to all shareholders of Company to acquire all the issued and outstanding shares of the Company. The proposed transaction has been assessed by an audit committee comprising independent directors of the Company and was unanimously approved by the Board of Directors of Company. Upon completion of the merger, NHTC Unison Company Limited will be the dissolved company and the Company will be the surviving company and a wholly-owned subsidiary of NHTC Unison Holding Limited. NHTC Unison Holding Limited is an entity led and established by North Haven Thai Private Equity L.P. ("NHTPE"), a private equity fund managed by Morgan Stanley Private Equity Asia ("MSPE Asia"), which is established in 1993 and is one of the leading private equity managers in APAC region. The Company's product lines include baby diapers, adult incontinence products, lady sanitary napkins, and wet tissues, etc., and is one of the leading manufacturers of personal hygiene and care products in Asia, with products exported to over 20 countries in Southeast Asia, West Africa, the South Indian Ocean, Australia, Oceania and the Americas. The Company's group operations are headquartered in Ho Chi Minh City of Vietnam, with a production base and logistics centre there, which will remain unchanged after the completion of the merger. |
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Taisun Int'l (Holding) Corporation published this content on 17 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 August 2022 12:53:09 UTC.