Taiwan Mobile's wholly-owned subsidiary Taiwan Telecom announced on November 4 that its public tender offer for Systex Corporation ordinary shares crossed the 39% threshold, with cumulative tendered shares reaching 40.89% of issued shares. The acquisition conditions were fully met after obtaining Fair Trade Commission approval for the merger. Taiwan Mobile and Systex have maintained a strategic partnership since 2024, jointly launching enterprise AI and ICT solutions as part of Taiwan Mobile's expansion into regional markets including Japan, Singapore, and Southeast Asia.
Taiwan Mobile Crosses 40.89% Acquisition Threshold for Systex
As of 1:16 PM on November 4, cumulative tendered shares reached 111,311,711 shares, representing 40.89% of Systex's issued shares, officially crossing the minimum acquisition threshold. Taiwan Mobile stated that the Fair Trade Commission issued a decision not to prohibit the merger, fulfilling both conditions required for the public tender offer to proceed.
Tender Offer Terms and Final Deadline Confirmed
November 5 marks the final day of Taiwan Mobile's public tender offer for Systex, with submissions accepted until 3:30 PM. Each Systex ordinary share can be exchanged for 92.5 TWD in cash plus 0.84 shares of Taiwan Mobile stock. Taiwan Mobile's target acquisition range for Systex shares is 39% to 58%, and the company stated it will continue efforts to expand the acquisition stake now that the threshold condition has been met.
Systex Taiwan Stocks Hit Limit-Down as Taiwan Mobile Rises
On November 4, Systex stock price fell to the limit-down level, dropping 20 TWD to close at 182 TWD. Taiwan Mobile stock rose 2 TWD to close at 135 TWD on the same trading day.
Strategic Partnership Targets AI and Regional Market Expansion
Taiwan Mobile stated that its strategic cooperation with Systex, which began in 2024, is advancing toward deeper alliance. The two companies have jointly launched nearly 50 enterprise solutions, with completed case volume increasing more than tenfold year-over-year. Taiwan Mobile indicated future plans will deepen synergies in three areas: cross-selling, AI, and regionalization, integrating Taiwan Mobile's telecom networks, cloud infrastructure, and AI computing power with Systex's software and system integration capabilities to expand enterprise AI and ICT services and enter markets in Japan, Singapore, and Southeast Asia.
FAQ
What percentage of Systex shares did Taiwan Mobile acquire by November 4?
Taiwan Mobile's subsidiary Taiwan Telecom acquired 40.89% of Systex's issued shares (111,311,711 shares) by November 4, crossing the 39% minimum threshold required for the tender offer.
What are the exchange terms for Systex shareholders in Taiwan Mobile's tender offer?
Each Systex ordinary share can be exchanged for 92.5 TWD in cash plus 0.84 shares of Taiwan Mobile stock under the tender offer terms.
How did Systex and Taiwan Mobile stock prices move on November 4?
Systex stock fell to the limit-down level, dropping 20 TWD to close at 182 TWD, while Taiwan Mobile stock rose 2 TWD to close at 135 TWD on November 4.
