Reported 11 months ago
Following the split of the Evergreen Group, EVA Air held a board meeting on June 26, 2024, and decided to acquire its subsidiaries Evergreen Aviation Services, Evergreen Sky Catering, and Evergreen Air Cargo Warehousing from its affiliate Evergreen International. The transaction involves purchasing up to 14,130,851 shares, 38,432,625 shares, and 13,649,392 shares, respectively, with a total amount not exceeding 3 billion Taiwanese dollars. EVA Air stated that the three subsidiaries were evaluated by an external expert company, and the final purchase details will be announced after the contract signing. The decision to increase the stakes was based on positive forecasts for the aviation industry and EVA Air's expansion plans, aiming to enhance portfolio performance, deepen industry integration, and boost competitiveness.
Source: YAHOO