[WPG] Notification pursuant to Article 369-8, Paragraph 2, Subparagraph 2 of the Company Act regarding the acquisition of more than one-half of the total issued shares of HwaCom Systems Inc.
WPG Holdings announced that through a tender offer and purchases by its subsidiary, it has acquired a total of 50.03% of the issued shares of HwaCom Systems, officially surpassing the 50% threshold and notifying HwaCom accordingly.
📋 Article Processing Timeline
- 📰 Published: April 22, 2026 at 09:00
- 🔍 Collected: April 23, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: April 23, 2026 at 12:45 (4h 45m after Collected)
1. Date of occurrence of the event: April 22, 2026
2. Company name: WPG Holdings Limited
3. Relationship with the company (please enter the company or subsidiary): The company
4. Reciprocal shareholding ratio: Not applicable
5. Cause of occurrence: On April 29, 2025 (114), the company acquired a total of 33,348,481 common shares of HwaCom Systems Inc. (Code 2468, hereinafter referred to as "HwaCom") through a public tender offer, representing approximately 47.67% of HwaCom's equity, and notified HwaCom in writing in accordance with Paragraph 1, Article 369-8 of the Company Act.
As of April 22, 2026, the company, through its subsidiary Shi-You Investment Co., Ltd., acquired an additional 1,650,000 common shares of HwaCom on the centralized trading market. The combined holdings equate to approximately 50.03% of HwaCom's equity, which exceeds one-half of the total number of issued shares of HwaCom. Therefore, in accordance with the provisions of Subparagraph 2, Paragraph 2, Article 369-8 of the Company Act, HwaCom has been notified in writing.
6. Countermeasures: Not applicable
7. Other matters that need to be specified: Not applicable
2. Company name: WPG Holdings Limited
3. Relationship with the company (please enter the company or subsidiary): The company
4. Reciprocal shareholding ratio: Not applicable
5. Cause of occurrence: On April 29, 2025 (114), the company acquired a total of 33,348,481 common shares of HwaCom Systems Inc. (Code 2468, hereinafter referred to as "HwaCom") through a public tender offer, representing approximately 47.67% of HwaCom's equity, and notified HwaCom in writing in accordance with Paragraph 1, Article 369-8 of the Company Act.
As of April 22, 2026, the company, through its subsidiary Shi-You Investment Co., Ltd., acquired an additional 1,650,000 common shares of HwaCom on the centralized trading market. The combined holdings equate to approximately 50.03% of HwaCom's equity, which exceeds one-half of the total number of issued shares of HwaCom. Therefore, in accordance with the provisions of Subparagraph 2, Paragraph 2, Article 369-8 of the Company Act, HwaCom has been notified in writing.
6. Countermeasures: Not applicable
7. Other matters that need to be specified: Not applicable