1. Date of Event: June 18, 115

2. Company Name: KoLin Industrial Co., Ltd.

3. Relationship with Company (Please enter '本公司' or 'Subsidiary'):本公司 (KoLin Industrial)

4. Cross-shareholding Ratio: Not applicable

5. Reason for Occurrence:

The board of directors of KoLin Industrial Co., Ltd. has approved a joint acquisition with HsingChang Biotech Co., Ltd. of ordinary shares in AnSing Pharmaceutical Co., Ltd. The resolution includes signing a share purchase agreement with the shareholders of AnSing Pharmaceutical Co., Ltd. (28 individual shareholders, none related to KoLin) to acquire the shares in cash.

The total transaction value is NT$1.2 billion. KoLin Industrial will acquire 24% (3,432,000 shares) for NT$288 million, while HsingChang Biotech will acquire 76% (10,868,000 shares) for NT$912 million. Payments will be made annually upon fulfillment of agreed conditions as stipulated in the share purchase agreement.

Payment and Settlement Schedule:

(1) MOU or LOI expected to be signed after the board meeting on June 18, 115

(2) Share purchase agreement to be signed by June 30, 115; 35% of the purchase price (NT$100.8 million) to be paid within one business day after signing

(3) Settlement expected in early July 115, with 45% of the price (NT$129.6 million) paid at settlement

(4) 10% of the price (NT$28.8 million) to be paid three months after settlement

(5) Final 10% of the price (NT$28.8 million) to be paid one year after settlement

Funding Source: Internal funds and bank financing

The purpose of the acquisition by KoLin Industrial and HsingChang Biotech is to expand investments in the healthcare industry, achieve synergies, and support future strategic positioning in medical product development.

6. Response Measures: Disclosure of material information

7. Other Matters to be Disclosed:

If the subject of this event or resolution is a publicly listed company, this material information also qualifies as a matter under Article 7, Paragraph 9, Item 9 of the Enforcement Rules of the Securities and Exchange Act, which significantly affects shareholders' rights or securities prices. However, no additional matters are currently applicable.

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  • Source: PR Times
  • Category: Partnership