FuSheng Precision Co., Ltd. and TGVest Capital agreed to acquire Minson Integration, Inc. for TWD 1.6 billion.
October 14, 2020
Share
FuSheng Precision Co., Ltd. (TSEC:6670) and TGVest Capital agreed to acquire Minson Integration, Inc. for TWD 1.6 billion on October 15, 2020. As per terms of transaction, Fusheng Precision will invest TWD 1.36 billion to hold 85%, while TGVest Capital will invest TWD 240 million to hold the remaining 15%. The closing of the transaction is subject to satisfaction of certain closing conditions and certain purchase price adjustments.
Fusheng Precision Co., Ltd. is mainly engaged in the manufacture of consumer goods of worldâs major brands. The Company is mainly engaged in the manufacture, processing, assembly and sale of various metal products, such as golf club heads and the assembly and trading of golf equipment, such as poles, grips and heads. The Company produces and distributes golf club heads through original equipment manufacturers (OEMs) and original design manufacturers (ODMs). The company's products are mainly exported to United States, Japan and other regions.