Formosa Petrochemical Corporation (TSEC:6505) acquired additional 12.97% stake in National Petroleum Co., Ltd. (TSEC:9937) for TWD 1.7 billion on July 6, 2020. Under the terms, Formosa will acquire 40.08 million shares at a price of TWD 43.5 per share. Formosa owns 60.08 million shares of National Petroleum representing 19.44 million shares.

Formosa Petrochemical Corporation (TSEC:6505) completed the acquisition of additional 12.97% stake in National Petroleum Co., Ltd. (TSEC:9937) on July 6, 2020.