Taiwan Mobile clears Systex tender offer, securing 61.02% ownership

Taiwan Mobile said its wholly owned subsidiary, Taiwan Cellular, had satisfied all conditions for its tender offer for Systex Corporation shares, clearing the way for the telecom operator to raise its stake in the information-services provider to 61.02%. The announcement was made on November 6 as the companies moved to expand their enterprise technology businesses through cross-selling, artificial intelligence (AI) and regional growth.