[Scientech] Board Resolution to Acquire Securities of New Group Technology
Scientech (辛耘) announced the acquisition of a 60% stake in New Group Technology for 252 million TWD, aiming to bolster its position in the advanced packaging market through a strategic alliance.
📋 Article Processing Timeline
- 📰 Published: May 18, 2026 at 09:00
- 🔍 Collected: May 19, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 19, 2026 at 08:08 (7 min after Collected)
1. Target Asset: Common shares of New Group Technology Co., Ltd.
2. Transaction Date: May 18, 2026
3. Volume and Price:
- Number of shares: 2,100,000
- Price per share: 120 TWD
- Total amount: 252,000,000 TWD
4. Relationship with Counterparty: Non-related party.
5. Basis for Pricing: Based on audited financial reports and future industry trends, determined within a reasonable range identified by independent experts.
6. Purpose of Acquisition: To form a three-way strategic alliance among Scientech, Suntex, and New Group Technology, expanding market scale in heterogeneous integration advanced packaging.
7. Cumulative Holding: 2,100,000 shares, representing approximately 60% ownership.
8. Financial Impact: The transaction accounts for 0.91% of total assets and 3.30% of parent company equity. Current working capital stands at approximately 1.77 billion TWD.
9. Approval: Passed by the Board of Directors and Audit Committee on May 18, 2026.
2. Transaction Date: May 18, 2026
3. Volume and Price:
- Number of shares: 2,100,000
- Price per share: 120 TWD
- Total amount: 252,000,000 TWD
4. Relationship with Counterparty: Non-related party.
5. Basis for Pricing: Based on audited financial reports and future industry trends, determined within a reasonable range identified by independent experts.
6. Purpose of Acquisition: To form a three-way strategic alliance among Scientech, Suntex, and New Group Technology, expanding market scale in heterogeneous integration advanced packaging.
7. Cumulative Holding: 2,100,000 shares, representing approximately 60% ownership.
8. Financial Impact: The transaction accounts for 0.91% of total assets and 3.30% of parent company equity. Current working capital stands at approximately 1.77 billion TWD.
9. Approval: Passed by the Board of Directors and Audit Committee on May 18, 2026.
FAQ
What is the reason for Scientech's acquisition of New Group Technology?
To expand market share in the advanced packaging sector, specifically focusing on heterogeneous integration for AI applications.
What is the total investment amount?
Scientech is investing 252 million TWD (approx. $7.8M USD) to acquire a 60% stake in the target company.
Who are the partners in this alliance?
The alliance consists of Scientech, Suntex (Sun-Teck), and the newly acquired New Group Technology.