Brief: Nidec announces commencement of Tender Offer for shares of chaun-Choung Technology

Nidec Chaun Choung Technology

01/10/2018 08:24

Oct 1(Reuters) - Nidec Corp  6594.T  
    
    * Says its board of directors has resolved to acquire 48
percent
shares of common stock outstanding of Chaun-Choung Technology
Corp  6230.TW  (CCI)in Taiwan by way of Tender Offer
    * Tender offer price at T$108 per share and tender offer
period
from Oct. 3 to Nov. 21
    * If 28,838,695 shares of CCI (which are equivalent to 33.4
percent of the shares outstanding) are to be sold, the company
will execute the Tender Offer
    * The maximum number of shares is set to 41,444,831 shares
(which
are equivalent to 48.0 percent of the shares outstanding) to be
acquired

    
    
    Source text in Japanese:https://goo.gl/bEfPED
    Further company coverage: 6594.T  6230.TW 

 (Beijing Headline News)
 ((Beijing.HeadlineNews@thomsonreuters.com; +86 10 62674724;
Reuters Messaging: huafang.zhang.reuters.com@reuters.net))