Compal Electronics, Inc. (TWSE listed, Ticker 2324.TW, hereinafter referred to as “Compal”) held a Board meeting today (10th) and approved to acquire 65% of outstanding shares of Poindus Systems Corp. (Emerging Stock Market listed, Ticker 6599.TW, hereinafter referred to as “Poindus”) by Tender Offer for NT$30 per share in cash.
The Tender Offer will be reported to the Financial Supervisory Commission and relevant public announcements will be made. The reporting date of the Tender Offer is expected to be no later than February 11, 2022, and the commencement date of the Tender Offer is expected to be no later than February 14, 2022. The maximum number of Poindus’ shares to be acquired is expected to be 13,650,000 shares (approximately 65% of the total number of Poindus’ outstanding common shares) and the minimum number of shares to be acquired is expected to be 10,710,000 shares (approximately 51% of the total number of Poindus’ outstanding common shares), and the expiry date of the Tender Offer is expected to be on March 7, 2022. The condition of the Tender Offer to be achieved is that the tendered shares exceeds the minimum number of shares (10,710,000 shares) to be acquired.
Founded in 2009, Poindus has been an innovator in the development and manufacture of high quality and high performance POS systems, which marketing globally under its own brand “Poindus”, and focus on hardware and software integration capabilities. Besides POS terminal systems, it also offers Industrial IoT (IIoT) products, such as Industrial Touch Display and Industrial Panel PC products. Poindus is the well-known brand of POS system and Touch Display in the retail and hospitality industry.
Compal’s current IPC business is on Industrial Display, and expects to accelerate its business development through this cooperation. Poindus’ profound experiences in the POS industry and its well-established sales channels in Europe could help Compal to expand its IPC business in terms of product portfolio as well as market exposure. In addition, the cooperation between two parties will bring Compal’s procurement, production, and technology R&D capabilities and Poindus’s market and sales channel experience together to enhance product quality, optimize cost structure, and faster the new product development progress. Overall, the competitiveness and synergies are expected to be achieved and positively contributed to the operational and financial benefits for both companies.
About Compal
Established in 1984, Compal has grown to the worldwide leading computer and smart devices manufacturer with outstanding management and solid R&D capacity. We offered high-quality 5C products and partnered with the global top-tier brands. Our achievements are highly recognized by the customers, government authorities, and third-party institutions. Compal is ranked as Top 5 manufacturer in Taiwan in 2021 and is a Fortune 500 Company for many years. More info: www.compal.com
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