2024-03-25 09:52:30
On the 25th, the Investment Review Committee of the Ministry of Economic Affairs approved TSMC (2330)’s US$3 billion capital increase in TSMC GLOBAL LTD in the British Virgin Islands. The purpose is to reduce the cost of foreign exchange hedging and use it for investment, fixed deposits and bonds.
In addition, the Investment Review Committee of the Ministry of Economic Affairs today approved Wenye Technology and Maoxuan Enterprises to acquire the entire equity of Canadian FUTURE ELECTRONICS INC. for US$3.98 billion, which is engaged in the business of operating wholesale and retail channels of semiconductors, passive components, related electronic components, and overseas investments. .
The Investment Review Committee of the Ministry of Economic Affairs held a meeting on the 25th. Five major investment cases were approved at the meeting, including one mainland-funded investment in Taiwan of NT$200 million; and four overseas investment cases totaling US$7.24 billion.
In terms of mainland-funded investment in Taiwan, the Investment Review Committee approved the investment of mainland-funded investor PRIME BASE INC. in the British Cayman Islands to add NT$200 million to the British Cayman Islands PRIME BASE INC. The funds used by the branch are engaged in electronic component manufacturing, computer and peripheral equipment manufacturing and general instrument manufacturing. Officials explained that the largest shareholder of the British Cayman Islands Shangguangji Company is Taiwanese businessman Dazhong Investment Holdings, holding nearly 60% of the shares. This move means that mainland Taiwanese businessmen invest in Taiwan through this method.
In terms of foreign investment cases, the first case is through TSMC to increase capital of TSMC GLOBAL LTD. in the British Virgin Islands with 3 billion yuan to engage in general investment business. The purpose of this investment is to reduce foreign exchange hedging costs. Officials explained that TSMC transferred its own foreign exchange to TSMC GLOBAL, mainly engaged in investments, fixed deposits and bonds.
The second case passed was the case of Xingli Development Company increasing capital in CTCI USA HOLDING INC. of the United States with US$51.2 million to engage in investment holding business.
The third case is that BORA PHARMACEUTICALS USA INC. increased its investment by US$210 million through BORA Pharmaceuticals to engage in the wholesale business of Western medicines. The funds will be used to acquire Upsher-Smith Laboratories, LLC., an American pharmaceutical company jointly owned by Japanese pharmaceutical group Sawai Group and Sumitomo 2 Corporation, to expand its global CDMO business.
The fourth case is the indirect acquisition of the entire equity of Canada’s FUTURE ELECTRONICS INC. through Wenye Technology and Maoxuan Enterprises for a total of US$3.98 billion, which is engaged in the business of operating wholesale and retail channels for semiconductors, passive components, related electronic components, and overseas investments. This acquisition is to enter the European and American semiconductor distribution market and complete the global layout to expand the scale of operations and improve operating performance. At the same time, as a result of this acquisition, we indirectly acquired the entire equity interests of five Hong Kong companies including FUTURE ELECTRONICS (HONG KONG) LIMITED and the mainland Future Electronics (Shanghai) Company, which engages in the wholesale industry of electronic components.
1711406555
#Ministry #Economic #Affairs #approved #major #investment #cases #TSMC #increased #capital #TSMC #GLOBAL #US3 #billion #Industry #Hotspots #Industry