# 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.

- Type: Acquisition
- Announced: 2025-03-31
- Where: TWN
- Value: $46.0M (1.48B TWD)
- Status: announced
- Products: industrial-grade hand tools, adjustable wrenches
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Fusheng Precision](https://endata.com/companies/83787.md) (acquirer)
- [Proxene Tools](https://endata.com/companies/83788.md) (target)

## Sources

- [en.fusheng-precision.com](https://en.fusheng-precision.com/fushengproxene/), 2025-03-30: "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."

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