Board Approves Share Exchange with Dayan Technology via Capital-Increase Share Issuance
Original: 公告本公司董事會決議通過以增資發行新股 與大陽科技股份有限公司進行股份轉換案
Summary
Largan Precision's Board of Directors has resolved to issue new shares through a capital increase and use those shares to execute a share-conversion (share-swap) transaction with Dayan Technology Co., Ltd. (大陽科技股份有限公司). This type of arrangement typically results in Dayan Technology shareholders receiving newly issued Largan shares in exchange for their Dayan holdings, effectively making Dayan a subsidiary or affiliate of Largan. The transaction constitutes a material corporate restructuring event with direct implications for Largan's share count, ownership structure, and strategic positioning in the optical-component supply chain. Full body available on MOPS.
Full Translation
Announcement that the Company's Board of Directors has resolved to approve a share-conversion transaction with Dayan Technology Co., Ltd. (大陽科技股份有限公司) to be effected through a capital increase and issuance of new shares. In a share-conversion (股份轉換) under Taiwan's Company Act, the acquiring company issues new shares as consideration; the target company's shareholders tender their shares and receive the acquirer's newly issued shares in return, causing the target to become a wholly owned (or majority-owned) subsidiary of the acquirer. Accordingly, Largan Precision intends to issue new shares to the shareholders of Dayan Technology in exchange for Dayan Technology shares, with the result that Dayan Technology would become a subsidiary of Largan Precision. The resolution was passed at a Board of Directors meeting, triggering the mandatory material-information disclosure obligation under TWSE/TPEx rules. [Body not available — subject line only. See MOPS for full announcement.]