翔耀 (2438) Subsidiary Acquires Stake in 嵩達光電科技

翔耀 (2438) Subsidiary Acquires Stake in 嵩達光電科技

Details of the Transaction

A recent public announcement made on September 27, 2023, by a company known as 翔耀 (2438), brought forth the news of their subsidiary, 勁耘科技股份有限公司, acquiring a considerable number of common shares in 嵩達光電科技股份有限公司. The shares were purchased from another company, 銘旺科技股份有限公司. The spokesperson for the deal was 丁玉森.

The shares, also referred to as “common shares,” were bought at a per-share price of 8.2元, bringing the overall transaction amount to 112,707,483元 for 13,744,815 shares. The company has not disclosed any specific terms of issue related to these shares, such as dividend rate. This implies that the shares are ordinary with no special conditions attached.

Links Between the Involved Parties

The transaction occurred on the same day the announcement was made. The relationship between the parties involved in the transaction is noteworthy. The chairman of 翔耀 and its subsidiary 勁耘科技, 林以山, also holds a directorial position in the selling company, 銘旺科技.

The statement does not make any disclosures related to past transfers of ownership or any relationships between the former owners and the companies involved in this transaction. This suggests that there have been no prior changes in the ownership of the shares being purchased that would be relevant to this transaction.

Previous Ownership and Debt Related Matters

The announcement also refrains from making any disclosures about any past or current relationships between the companies involved and any past owners of the shares. This suggests that there have been no significant changes in ownership of the shares being purchased in the last five years that would be relevant to the transaction.

Further, the statement does not mention any details about the disposal of debt-related matters, such as the type of collateral attached to the disposed debt and whether the debt is related to a related person. This implies that this transaction does not involve the disposal of any debts.

Implications of the Deal

The main takeaway from the announcement is that the company 翔耀, through its subsidiary 勁耘科技, has made a significant investment by purchasing over 13 million shares in 嵩達光電科技 from 銘旺科技, a company with which they share a board member. The transaction was straightforward, with no past ownership or debt issues being relevant.

This investment signifies a strategic move by 翔耀 and its subsidiary, strengthening their position in the market and potentially paving the way for more collaboration in the future. The straightforward nature of the transaction, devoid of any past ownership or debt issues, signals a clean and uncomplicated deal that could prove beneficial for all parties involved.