◂ Announcements

Mar 31, 2025ACQUISITIONTWN

Fusheng Precision to acquire 51% stake in Proxene Tools via tender offer

Fusheng Precision Co., Ltd. announced its intent to acquire a 51% equity stake in Proxene Tools Co., Ltd. through a public tender offer at NT$157 per share, totaling approximately NT$1.481 billion. The tender offer period runs from March 12 to March 31, 2025.

Value

$46.0M (1.48B TWD)

Status

Announced

Productsindustrial-grade hand tools, adjustable wrenches

CompaniesFusheng Precision acquirer Proxene Tools target

Sectors#Industrial Machinery

“Fusheng Precision (TWSE: 6670) has announced its intent to acquire a 51% equity stake in the professional hand tool manufacturer Proxene Tools (TPEx: 6904) through a public tender offer.”en.fusheng-precision.com

1 source
en.fusheng-precision.comStrategic Expansion: Entry into the Hand Tool Industry - Fusheng Precision Co., Ltd.Mar 30, 2025

Summarized from public sources; check the original articles before acting on it.

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