# Tong Hsing to acquire Shengli via share swap

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.

- Type: Acquisition
- Announced: 2019-12-27
- Where: Taiwan, TWN
- Status: announced
- Products: CMOS image sensor packaging and testing
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Tong Hsing Electronic Industries](https://endata.com/companies/44185.md) (acquirer)
- [Shengli Electronics](https://endata.com/companies/44186.md) (target)
- [Kingpak Technology](https://endata.com/companies/44206.md) (target)
- [Kingpark Technology](https://endata.com/companies/44673.md) (target)

## Sources

- [finance.technews.tw](https://finance.technews.tw/2019/12/27/tong-hsing-and-kingpak-merged/), 2019-12-27: "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。"
- [taipeitimes.com](https://www.taipeitimes.com/News/biz/archives/2019/12/30/2003728400), 2019-12-29: "The two companies have little overlap in customers and products, but they are highly complementary."
- [maker.pro](https://maker.pro/blog/cmos-image-sensor-packagers-tong-hsing-and-kingpark-merge), 2020-01-20: "This merger deal will see Tong Hsing Electronic Industries Ltd and Kingpark Technology turn into Taiwan’s heavyweight CIS packagers, and indeed one of the largest packaging companies in the world."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.