Dare Green Energy Technology Co., Ltd., agreed to acquire Chih Kuang Energy Co., Ltd., from Tatung Co., Ltd. for approximately TWD 940 million.
March 24, 2021
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Dare Green Energy Technology Co., Ltd., agreed to acquire Chih Kuang Energy Co., Ltd., from Tatung Co., Ltd. (TSEC:2371) for approximately TWD 940 million on March 25, 2021. Pursuant to the terms of the transaction, a total of 65 million shares will be issued in consideration. The payment of the installments will be as follows: 1. Completion the closing condition (total amount 94.6%), 2. The premium for Phase 2 depends on the circumstances of the permit (total amount 5.4%). The transaction has reached the threshold for merger filing, and the approval of the merger is required by the Fair Trade Commission. Kuang-Hsin-Yi-Chun United Accounting Firms acted as accountant to Tatung Co., Ltd.
Tatung Co is a Taiwan-based company mainly engaged in the manufacture and sale of electronic and electrical products. The Company operates through four segments. The Optical segment is engaged in the development, manufacture and sale of thin-film transistor (TFT) large-size panels, small and medium-sized panels such as smartphones, tablet computers, car panels and touch panels. The Mechanical and Electrical Energy segment is engaged in the development, manufacture and sale of smart grids, smart meters, solar photovoltaics, light-emitting diode lighting, motors, electromechanical and energy management systems. The Consumer Products segment is engaged in the development, manufacture and sale of digital TVs, flat panel displays, digital media equipment, digital audio-visual, and home appliance products. The Other segment is engaged in other businesses.
TATUNG CO., LTD. 
