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Ennoconn Unit to Acquire Lex Computech Shares Via Tender Offer

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Ennoconn (TPE:6414) unit Vecow approved a public tender offer to acquire common shares of Lex Computech, according to a Wednesday Taiwan Exchange filing.

The investment is part of a financial investment strategy aimed at boosting long-term returns and strengthening cooperation between the companies.

The offer price is NT$48 per share in cash, with Vecow depositing NT$240.0 million into a trust account managed by Mega Securities to fund the transaction.

The tender offer is scheduled to run from June 4 to July 8.

The completion of the offer remains subject to approval from Taiwan's Ministry of Economic Affairs' Investment Review Department before the tender offer expires.

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