Focus Taiwan
Date: 2016/09/02
By: Han Ting-ting, Huang Chiao-wen, Tasi Yi-chu and Frances Huang
Taipei, Sept. 2 (CNA) A group of investors of gaming software developer XPEC Entertainment Inc. (樂陞科技) staged a protest against a botched tender offer in front of the Financial Supervisory Commission (FSC) Friday, asking for an investigation into the failed deal, which resulted in massive losses for them.
More than 50 XPEC investors showed up in front of the FSC, the top financial regulator in Taiwan, to file a petition, demanding the commission launch a probe into possible irregularities in the tender offer deal.
A total of 3,605 XPEC investors have organized a self-help association after Japan-based Bai Chi Gan Tou Digital Entertainment Co (百尺竿頭) on Tuesday withdrew a tender offer the potential suitor had proposed in late May to acquire 38 million XPEC shares or a 25.17 percent stake in the Taiwanese firm at NT$128 (US$4.04) per share. [FULL STORY]
