Taiwan Mobile’s subsidiary, Taiwan Cellular, has extended its tender offer for Systex Corp. until **3:30 p.m. on Nov. 5**, delaying the original deadline of **Oct. 6**. The extension grants investors an additional 30 calendar days to respond. The move follows Taiwan Mobile’s earlier announcement on **Sept. 29** regarding the acquisition bid.
Systex and Itochu establish a joint venture in Fukuoka to offer IT services for Taiwanese semiconductor firms entering the Japanese market. The venture aims to facilitate expansion for companies like TSMC or UMC by addressing local operational and technological needs. The collaboration leverages Itochu’s regional expertise and Systex’s semiconductor industry experience.
Taiwan Mobile is acquiring majority control of Systex to merge IT and telecom services. The move targets expansion in the enterprise business sector, leveraging combined expertise for integrated solutions.
Taiwan Mobile is acquiring at least a 39% stake in SYSTEX via its subsidiary Taiwan Cellular. The company currently holds an 11.86% stake in SYSTEX, making it the largest single shareholder. This tender offer aims to significantly increase its ownership in the corporation.