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Compal,Compal Communications Merger

Published: Nov 28,2013

(Taipei , Taiwan) Compal Electronics announced the completed the first phase of the acquisition of outstanding common stock, Compal currently holds 90.39% stake of Compal Communications , the second phase of the acquisition will be cash merger.

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The acquisition of Compal Communications to NTD$50.8 per share , the merger consideration is also NTD$50.8.

After the merger, Compal will be the surviving company , Compal Communications be the destroy company , the name of the combined company remains Compal . Merger date set for the next year on February 27.

Compal Lvqing Xiong , deputy manager , said that, after merger, they will add 1 to 2 new customers every year in Tablet PC and smartphone business, the proportion of total revenue in mobile devices will raise 30% , compared to 10% growth this year.

Lvqing Xiong believes that the convergence of smart phones, tablet PCs and notebooks will be more and more obviously, after integrating with mobile technologies and R&D capabilities from Compal Communications, Compal can improve their design, manufacturing and resources management ability in mobile business, to provide one-stop services, and customers will have a stronger supplier.

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