Taiwan's public acquisition of Jingcheng Information has been reviewed by the Fair Commission

Lin Zhichen, Taiwan’s general manager.

Taixin Telecommunications, a wholly-owned subsidiary of Taiwan Mobile (3045), has publicly acquired the common shares of Jingcheng Information (6214) since August 18. The Fair Trade Commission officially accepted the joint declaration yesterday (16th), and the case entered the review process.

The public acquisition of Taiwan University is subject to the effective sale of 106,174 tickets, accounting for approximately 39% of the issued shares of Jingcheng, and the Fair Trade Commission does not prohibit the combination. The maximum scheduled acquisition is approximately 157,900 tickets, accounting for approximately 58%, and the public acquisition period will end at 3:30 pm on October 6.

Taiwan University pointed out that Jingcheng Information has recently completed the review of the public takeover review committee in accordance with regulations and announced the results. The board of directors also resolved to agree with the review opinions based on the review results and believed that the conditions for this public takeover were fair and reasonable.

According to the acquisition conditions, each share of Jingcheng common stock that should be sold can be exchanged for 92.5 yuan in cash and 0.84 Taiwan common shares. Based on Taiwan's closing price of 124 yuan on September 17, the equivalent acquisition value per share is 196.7 yuan. Jingcheng closed today (17th) at 193 yuan, an increase of 2 yuan.