- Visiting Taiwan
- Product & Service
- Customer Service
Customer Service
- ESG
- Investor Relations
- About Us
- 中文
Taiwan Mobile Co. (3045) announced on Nov. 4 that its wholly owned subsidiary, Taiwan Cellular Co., Ltd., has received tenders for 111,311,711 common shares of Systex Corp. (6214) as of 1:16 p.m. on Nov. 4, representing 40.89% of Systex's total issued shares and crossing the minimum acceptance threshold.
The Fair Trade Commission (FTC) has also issued a decision not to prohibit the merger, meaning both conditions for the tender offer have now been met. Once the offer period closes and the share transfer is completed, Taiwan Mobile will hold a majority stake in Systex, including its existing 11.86% ownership.
Taiwan Mobile thanked Systex shareholders for their support, bringing the two companies’ strategic partnership, which began in 2024, to a deeper level. Since the partnership began, the two companies have jointly launched nearly 50 enterprise solutions, with the number of projects secured increasing more than tenfold year over year. Going forward, they will focus on three key areas: cross-selling, AI and regional expansion. By combining Taiwan Mobile's telecommunications network, cloud services and AI computing capabilities with Systex's software and systems integration expertise, the two companies aim to expand their enterprise AI and ICT services and grow their presence in Japan, Singapore and other Southeast Asian markets.
The tender offer remains open until 3:30 p.m. on Nov. 5, with each Systex common share exchangeable for NT$92.5 in cash and 0.84 Taiwan Mobile common shares. In addition to receiving cash consideration, Systex shareholders will become Taiwan Mobile shareholders and can participate in the growth of its diversified business portfolio, including telecommunications, enterprise services, new technology businesses and its e-commerce platform, momo. Following completion of the tender offer, shareholders will continue to share in the future benefits of the strategic partnership through Taiwan Mobile's stake in Systex. Taiwan Mobile shares also offer greater market liquidity, providing shareholders with more flexibility in managing their investment portfolios. Taiwan Mobile encourages shareholders interested in participating in the tender offer to complete their submissions by deadline in accordance with the tender offer prospectus.
