Golden Hexagon Investments Limited made a tender offer to acquire an additional 15% stake in Coland Holdings Limited (TSEC:4144) for approximately TWD 310 million on June 11, 2020. The shares will be purchased at a cash price of TWD 27 per share. After the closing of the offer, Golden Hexagon Investments, will together with certain supporting shareholders, propose to carry out a reverse triangular merger, with the same per-share cash consideration as the offer, and subject to the approval of the Board and shareholders of the company, to privatize and de-list Coland Holdings. The Board of Directors of Coland Holdings unanimously approved the offer. On June 15, 2020, the extraordinary Board of Directors passed the setting up of the review committee and appointed three independent Directors as members of the review committee. Ji-Sheng Chiu of Crowe Horwath acted as the accountant to Coland.