Reported 7 months ago
In order to enhance operational flexibility, Taiwan Cement's board of directors approved the acquisition offer for NHOA S.A. shares by its indirect subsidiary TCEH at a cash price of 1.1 euros per share, aiming to privatize NHOA and streamline governance, support financially, maximize integration of resources, and deepen strategic cooperation within the group. The privatization will also involve implementing new talent incentive plans and aligning compensation with performance, moving away from short-term stock price impacts.
Source: YAHOO