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🔥 Day 8 Hot Topic: XRP ETF Goes Live
REX-Osprey XRP ETF (XRPR) to Launch This Week! XRPR will be the first spot ETF tracking the performance of the world’s third-largest cryptocurrency, XRP, launched by REX-Osprey (also the team behind SSK). According to Bloomberg Senior ETF Analyst Eric Balchunas,
Yageo, with a 20% premium, strongly takes over the IC design company Motech Electronics, investing 7.3 billion TWD over two years to acquire two companies and form a strategic alliance.
Yageo (2327) invested NT$4.8 billion to acquire over 30% of the shares of Motech with a 20% premium, showing sincerity.
Passive component supplier Yageo (2327) today (11 held a board meeting to announce that it will publicly acquire 28.5% of the shares of Moxa )6138( at a price of 229.8 TWD per share, amounting to 4.8 billion TWD. Based on today's closing price of Moxa at 191.5, Yageo is making the acquisition at a premium of 20%. Yageo also stated in the announcement that acquiring Moxa at a price close to the historical high of )230.8 TWD( is sufficient to demonstrate its sincerity.
Yageo frequently organizes strategic alliances through equity investment.
Yageo announced that MoDaCo has demonstrated good operational performance over the long term and provided stable profits for shareholders. Therefore, it has initiated an acquisition for financial investment purposes and hopes to start cooperation as well. MoDaCo Electronics is a design company for Power IC ) power integrated circuits (, and its component product line will form a strategic alliance with Yageo.
Yageo has been active in acquisitions; last year, Yageo invested in Richtek ), a power management IC manufacturer, through a private placement, acquiring approximately 20.23% of Richtek's shares and becoming its largest single strategic shareholder.
At that time, Yageo's founder and chairman, Chen Tai-Ming, stated: "Litchi possesses strong design capabilities in many important semiconductor products, which complement our existing product portfolio optimally. Moreover, through Yageo's one-stop service platform, we develop high-quality global sales channels and strong customer relationships needed in high-growth markets such as AI, high-performance computing, industrial, and automotive."
In this article, Nuvoton Technology aggressively acquires IC design company MoDT with a 20% premium, investing 7.3 billion TWD over two years to acquire two companies and form a strategic alliance, first appearing in Chain News ABMedia.