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Taiyo Holdings Co Ltd to Acquire Stake in Onstatic Technology Co., Ltd. from Advance Materials Corp and GOO CHEMICAL CO LTD

Monday, 13 May 2013 02:30am EDT 

Taiyo Holdings Co Ltd announced that it has decided to acquire the remaining 8,085,000 shares (a 25.5% stake) of a Taiwan-based company Onstatic Technology Co., Ltd., for JPY 2,583 million on May 16, 2013. Taiyo Holdings will acquire 2,243,000 shares (a 7.1% stake) from Advance Materials Corp and 2,004,000 shares (a 6.3% stake) from GOO CHEMICAL CO LTD. As a result, Onstatic Technology will become a 51.0%-owned subsidiary of Taiyo Holdings. 

Company Quote

-15.0 -0.35%
25 Dec 2014