TAIPEI - Acer (TW:2353) Incorporated has announced its decision to subscribe to new shares issued by its subsidiary, Acer Cyber Security Inc. (ACSI), as part of a capital increase strategy. On November 7, 2024, Acer's board of directors passed a resolution approving the purchase of 2,266,391 common shares of ACSI at a price of NT$200 per share, totaling NT$453,278,200.
The transaction has increased Acer's cumulative shareholding in ACSI to 15,561,992 shares, which represents a 51.67% holding ratio. This move is aimed at maintaining Acer’s shareholding ratio in the subsidiary. The payment for the shares will be made in a lump-sum within the period announced by ACSI.
According to the latest financial statements, the current investment in ACSI accounts for 61.32% of Acer's total assets and 123.52% of the equity attributable to the owners of the parent company. The operating capital is reported at NT$-6,872,973 thousands.
Additionally, on December 19, Acer is set to participate in an institutional investor conference hosted by Mega Securities in Taipei City. The conference will be an opportunity for the company to discuss its financial results and operational performance for the fourth quarter of 2024.
This capital increase comes without any dissenting opinions from the directors and has been ratified by supervisors or approved by the Audit Committee on the same day as the board resolution. There are no brokerage fees involved in the transaction, and the company confirms that there is no change to its business model as a result of this transaction.
The company also disclosed that ACER BEINGWARE HOLDING INC. and ACER DIGITAL SERVICE CO., both 100%-owned subsidiaries of Acer, participated in ACSI’s cash capital increase by subscribing for 1,200,000 shares and 1,100,000 shares, respectively.
This financial move is based on a press release statement and is part of Acer's broader strategy to consolidate its investment in its cybersecurity arm, which is a growing concern for businesses globally.
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