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Yi Jinn Industrial Co Ltd to Launch Take-over Bid for Shares of Kwang Ming Silk Mill Co Ltd

Thursday, 29 Aug 2013 02:55am EDT 

Yi Jinn Industrial Co Ltd announced that it has decided to launch a take-over bid for up to 12,000,000 shares (a 40.26% stake) of Kwang Ming Silk Mill Co Ltd from August 30 to October 17, 2013, at a price of NTD 30 per share, or up to NTD 360 million, to promote industrial integration and enhance industrial competitiveness. The take-over bid will be effective only if at least 6 million shares (a 20.13% stake) are offered by the tender offerees. 

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15 Apr 2015