Sun Yad Industry announced plans to acquire a 34.76% stake in Y-S Electronics for approximately NT$295 million (approx. US$9.82 million), aiming to strengthen its market position and technological capabilities. The acquisition involves its subsidiaries, Sun Yad Construction and Myson Century Technology.
The transaction entails Myson Century acquiring around 24.91% of Y-S Electronics' common shares for about NT$215 million, while Sun Yad Construction will purchase 9.76% for roughly NT$80 million. The tender offer period is scheduled from August 15 to September 3. Y-S Electronics, with 37 years of history, specializes in manufacturing connectors and signal transmission cables widely used in various industries, including smart wearables, e-sports, IoT, and autonomous vehicles.
Myson Century, an affiliate of Sun Yad Construction, has shifted its business orientation towards emerging sectors such as AI-driven smart health, drones, and digital finance, diverging from Sun Yad's core focus on Tainan real estate. Through the acquisition, the group aims to enhance management capacity and operational efficiency by leveraging shared resources and combining expertise in smart wearable IoT applications.
Sun Yad Industry, with a market capitalization exceeding NT$40 billion, has pursued expansion and diversification via mergers, acquisitions, and strategic partnerships. Y-S Electronics generated nearly NT$800 million in revenue in 2024. The acquisition is expected to strengthen Y-S Electronics' business framework, supporting higher growth targets domestically and internationally, particularly in healthcare-related applications and advanced manufacturing sectors.
Article translated by Jingyue Hsiao and edited by Jack Wu
