HOTA's Shen Kuo-Jung Announces Plan to Acquire Gus Technology, Targeting Military Drones and Energy Storage
Automotive transmission manufacturer HOTA Group has participated in a private placement by lithium battery maker Gus Technology, acquiring a 15% stake. This move aims to bolster its portfolio in key battery and energy storage cabinet sectors, while also paving the way for entry into the military drone industry. HOTA President Shen Kuo-Jung is actively seeking the chairmanship of Gus Technology.
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- 📰 Published: May 19, 2026 at 11:51
- 🔍 Collected: May 19, 2026 at 12:01 (10 min after Published)
- 🤖 AI Analyzed: May 19, 2026 at 12:11 (9 min after Collected)
(CNA, Taipei, May 19, by Chung Jung-feng) Shen Kuo-Jung, President of automotive transmission systems manufacturer HOTA Industrial Mfg. Co., stated today that HOTA has participated in a private placement of lithium battery company Gus Technology, acquiring a 15% stake. Through this, the HOTA Group will not only strengthen its footprint in key battery and energy storage cabinet sectors but also plans to enter the military drone field. Shen Kuo-Jung noted that the HOTA Group plans to venture into motors and chassis products in the future to complete its puzzle of key automotive components.
Shen also revealed that HOTA will cooperate with new shareholder Cheng-Ta Professional Sailing Co., Ltd., with the intention of securing a majority of board seats in Gus Technology's comprehensive board election at the shareholder meeting on June 30. He is also actively vying for the position of the new chairman of Gus Technology.
In an exclusive telephone interview with reporters this morning, Shen stated that the HOTA Group's participation in Gus Technology's private placement and plans for the board election are primarily to complete its portfolio of key automotive components. He pointed out that the HOTA Group already has deep expertise in automotive gears and shafts, transmission parts, differentials, torque converter systems, and electric vehicle reduction gears. The group has also invested in Hwa Fong Rubber's automotive tires, Ponta's composite materials, and machine tool manufacturer Kao Fong Machinery, all of which are key to the automotive parts supply chain.
Shen noted that by participating in Gus Technology's private placement and board election, the HOTA Group can expand into the battery and energy storage cabinet fields. In the future, the HOTA Group will also consider entering the motor and chassis product markets, filling in the missing pieces to provide a more complete product line of key automotive components.
Shen revealed that by participating in the management of Gus Technology, the HOTA Group is also actively preparing to enter the military drone application field.
Regarding Gus Technology's private placement plans, Shen stated that the previous private placement was mainly to accommodate the expansion of the Gus Technology's Zhongli plant and order status over the next six months. The possibility of adding new production lines and internal restructuring is not ruled out, but there are currently no plans to launch another round of private placement.
According to the list of director and independent director candidates announced by Gus Technology, Shen Kuo-Jung is listed as a corporate representative of Chien-Tsuan Co., Ltd. According to HOTA's annual report, the person in charge of Chien-Tsuan is Shen's daughter, Shen Chien-Yu. As of the end of March this year, Chien-Tsuan held about 4.48% of HOTA's shares and also held about 9.28% of the shares of HOTA's investment, Kao Fong Machinery.
Gus Technology announced on May 15 that its board of directors had previously decided to adjust the number of private placements from the originally planned two times to five times, which will be submitted for discussion and resolution at the shareholder meeting on June 30. Gus Technology stated that the shareholder meeting plans a comprehensive re-election of 9 board seats (including 4 independent directors), and the original chairman, Chang Chung-Chieh, is not on the list of nominated directors.
Gus Technology pointed out that among the new director seats, strategic investor Chien-Tsuan Co., Ltd., introduced through this private placement, will occupy 2 seats, and Cheng-Ta Professional Sailing Co., Ltd. will occupy 1 seat. Overall, no single party, alone or with others, will control a majority of the voting rights on the board. It is assessed that after the comprehensive re-election of directors at the shareholder meeting, there will be significant changes to the board members and the chairman. The introduction of strategic investors through the private placement may cause a significant change in management control. (Editor: Yang Kai-hsiang)
Shen also revealed that HOTA will cooperate with new shareholder Cheng-Ta Professional Sailing Co., Ltd., with the intention of securing a majority of board seats in Gus Technology's comprehensive board election at the shareholder meeting on June 30. He is also actively vying for the position of the new chairman of Gus Technology.
In an exclusive telephone interview with reporters this morning, Shen stated that the HOTA Group's participation in Gus Technology's private placement and plans for the board election are primarily to complete its portfolio of key automotive components. He pointed out that the HOTA Group already has deep expertise in automotive gears and shafts, transmission parts, differentials, torque converter systems, and electric vehicle reduction gears. The group has also invested in Hwa Fong Rubber's automotive tires, Ponta's composite materials, and machine tool manufacturer Kao Fong Machinery, all of which are key to the automotive parts supply chain.
Shen noted that by participating in Gus Technology's private placement and board election, the HOTA Group can expand into the battery and energy storage cabinet fields. In the future, the HOTA Group will also consider entering the motor and chassis product markets, filling in the missing pieces to provide a more complete product line of key automotive components.
Shen revealed that by participating in the management of Gus Technology, the HOTA Group is also actively preparing to enter the military drone application field.
Regarding Gus Technology's private placement plans, Shen stated that the previous private placement was mainly to accommodate the expansion of the Gus Technology's Zhongli plant and order status over the next six months. The possibility of adding new production lines and internal restructuring is not ruled out, but there are currently no plans to launch another round of private placement.
According to the list of director and independent director candidates announced by Gus Technology, Shen Kuo-Jung is listed as a corporate representative of Chien-Tsuan Co., Ltd. According to HOTA's annual report, the person in charge of Chien-Tsuan is Shen's daughter, Shen Chien-Yu. As of the end of March this year, Chien-Tsuan held about 4.48% of HOTA's shares and also held about 9.28% of the shares of HOTA's investment, Kao Fong Machinery.
Gus Technology announced on May 15 that its board of directors had previously decided to adjust the number of private placements from the originally planned two times to five times, which will be submitted for discussion and resolution at the shareholder meeting on June 30. Gus Technology stated that the shareholder meeting plans a comprehensive re-election of 9 board seats (including 4 independent directors), and the original chairman, Chang Chung-Chieh, is not on the list of nominated directors.
Gus Technology pointed out that among the new director seats, strategic investor Chien-Tsuan Co., Ltd., introduced through this private placement, will occupy 2 seats, and Cheng-Ta Professional Sailing Co., Ltd. will occupy 1 seat. Overall, no single party, alone or with others, will control a majority of the voting rights on the board. It is assessed that after the comprehensive re-election of directors at the shareholder meeting, there will be significant changes to the board members and the chairman. The introduction of strategic investors through the private placement may cause a significant change in management control. (Editor: Yang Kai-hsiang)