Taiwan firm takes Regent Manner private
Regent Manner International, a provider of surface-mount technology production solutions, will delist from the Hong Kong stock exchange at 4pm on Wednesday, the company announced on Wednesday morning.
The company has been acquired by Taiwan Surface Mounting Technology (TSMT), a Taiwan-listed company, for HK$1.03 billion.
Both firms operate in the same sector, but Regent Manner focuses on the mainland market, while TSMT focuses on Taiwan.
TSMT offered HK$1.80 for each Regent Manner share, a 32.4 per cent premium over the last traded price of HK$1.36. The shares have been suspended since April 30.