trending Market Intelligence /marketintelligence/en/news-insights/trending/IpqE7sNwbV1ozIU1CDlpJw2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

TWi Pharmaceuticals chairman offers to take company private

COVID-19 Pandemic Likely To Cause US Telemedicine Boom

Gauging Supply Chain Risk In Volatile Times

S&P Global Market Intelligence

Cannabis: Hashing Out a Budding Industry


IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help

TWi Pharmaceuticals chairman offers to take company private

TWi Pharmaceuticals Inc. founder and Chairman Chen Chih-ming plans to take the company private, the Taipei Times reported, citing a regulatory filing.

The going-private deal, which will be done through a tender offer and a share swap, is intended to strengthen the company's financial structure and adjust its product development strategy, according to the report.

Chen offered to acquire 52.44 million shares, representing 43.57% of the company's issued shares, at NT$72 apiece in an open market transaction using one of his personal investment entities. He already owns a 3.62% stake in the company, a developer of generic drugs.

The tender offer, which launched March 22, requires a minimum purchase of 6.02 million shares, or 5% of the Taipei-based company's issued shares. The tender offer is open for acceptance until April 15.

Upon completion of the tender offer, Chen's investment entity will swap shares at a one-to-one exchange ratio to acquire 100% of TWi Pharmaceuticals. The investment entity plans to apply for the delisting of TWi's shares from the Taipei Exchange in the third quarter.

TWi's board will initiate a strategic review process before approving Chen's buyout offer.

KGI Securities Co. is helping TWi Pharmaceuticals manage the offer.

As of March 22, US$1 was equivalent to NT$30.89.