De Poan Pneumatic Corp.TPEX: 1570

Adata Technology Plans To Buy Shares Of De Poan For T$1.15 Billion At T$32 Per Share

· Issued by De Poan Pneumatic Corp.

Adata Technology TPEX:3260:

  • PLANS TO BUY SHARES OF DE POAN TPEX:1570 FOR T$1.15 BILLION AT T$32 PER SHARE

  • SHOULD HOLD 69.9% STAKE IN DE POAN AFTER SHARE ACQUISITION

  • THE PLANNED ACQUISITION IS STRATEGIC INVESTMENT

  • THE PLANNED ACQUISITION IS SUBJECT TO REGULATORY APPROVAL

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