Qisda Corporation (TSEC:2352) made an offer to acquire 20.17% stake in SYSAGE Technology Co., Ltd. (TSEC:6112) for TWD 1.7 billion on December 7, 2020. As per terms, Qisda Corporation will acquire shares at TWD 45 per share in cash. Qisda will aquire shares in lot range from 2 shares to 1000 shares. The offer is subject to approval from the competent authorities, including approval from Fair Trade Commission and minimum tender of 5% . The tender offer will not commence later than December 9, 2020. As of January 22, 2021, tender offer period end date will be extended from January 27, 2021, to March 18, 2021. Joe Lee of Candor Taiwan CPAs acted as an accountant in the transaction. As of February 3, 2021, Fair Trade Commission approved the transaction and Financial Supervisory Commission R.O.C.(Taiwan) approved the transaction on February 4, 2021.

Qisda Corporation (TSEC:2352) completed the acquisition of 16.38% stake in SYSAGE Technology Co., Ltd. (TSEC:6112) for TWD 1.4 billion on March 18, 2021. Under the tender period 30 million shares were tendered.