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Tong Hsing Electronic Industries and Shengli Electronics announced a share swap agreement, with Shengli becoming a wholly owned subsidiary of Tong Hsing. The swap ratio is 1 Shengli share for 1.244 Tong Hsing shares, with the effective date set for June 30, 2020.
“雙方宣布董事會通過股份轉換案,換股比例是勝麗股東按照所持有普通股 1 股,換發同欣電 1.244 股,勝麗將成為同欣電 100% 持有子公司。”finance.technews.tw
Summarized from public sources; check the original articles before acting on it.