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Taiwan Mobile Co. (3045) announced Sept. 29 that its wholly owned subsidiary Taiwan Cellular Co., Ltd. has extended its tender offer for Systex Corp. (6214) by 30 calendar days, from 3:30 p.m. on Oct. 6 to 3:30 p.m. on Nov. 5.
The Fair Trade Commission (FTC) formally accepted the business combination filing on Sept. 16, and the case is now under review. The extension was filed and announced in accordance with applicable regulations to accommodate the FTC's statutory review period of 30 working days and allow sufficient time for closing procedures following the review.
Taiwan Mobile said the extension is solely intended to accommodate the FTC's review schedule, and all other terms of the tender offer remain unchanged. For each Systex common share tendered, shareholders will receive NT$92.5 in cash and 0.84 Taiwan Mobile common shares.
The minimum acceptance threshold remains 106,174,796 shares, representing approximately 39% of Systex's issued shares, while the maximum number of shares sought remains 157,900,979, or approximately 58%.
The tender offer will proceed in accordance with applicable laws and procedures, with subsequent steps coordinated with the FTC's review. Any matters requiring disclosure will be announced in accordance with regulations.
For details, shareholders may refer to the Market Observation Post System and the tender offer prospectus. For assistance with the tender offer, shareholders may contact the appointed agent, Yuanta Securities, at +886-2-2586-5859.
Information about the tender offer and a step-by-step guide to submitting shares are available at: https://twm5g.co/1gLgow
