Subsidiary Hsiang-Fa Investment to Absorb Chui-Hsing Electronics via Short-Form Merger
Original: 代重要子公司翔發投資(股)公司公告與聚星電子(股)公司 之簡易合併案
Summary
MediaTek announced on behalf of its key subsidiary Hsiang-Fa Investment Co., Ltd. a short-form merger with Chui-Hsing Electronics Co., Ltd. This is an intra-group restructuring transaction; full details including share exchange ratio, effective date, and rationale are available on MOPS. Full body available on MOPS.
Full Translation
On behalf of important subsidiary Hsiang-Fa Investment Co., Ltd., announcement of the short-form merger case with Chui-Hsing Electronics Co., Ltd. This appears to be an internal group reorganization in which Hsiang-Fa Investment, a key MediaTek subsidiary, will absorb Chui-Hsing Electronics through Taiwan's simplified (short-form) merger procedure — a streamlined process typically used when the parent already holds a controlling stake in the target, allowing the merger to proceed without a target-company shareholder vote. [Body not available — subject line only. See MOPS for full announcement.]