Baring Private Equity Asia, New Path International Co., Ltd. and Hydron International Co., Ltd. agreed to acquire remaining unknown minority stake in Ginko International Co., Ltd. (TPEX:8406) on November 26, 2021. Baring Private Equity Asia, New Path International Co., Ltd. and Hydron International Co., Ltd. agreed to acquire stake at TWD 280 per share. The consideration shall be adjusted.

Post completion, Ginko International Co., Ltd will be delisted. The firm's global headquarters in Taichung and its China headquarters in Shanghai would continue to operate as usual. The transaction is subject to certain conditions including obtaining approvals from shareholders of each participant, delisting approval from Taiwan Stock Exchange, regulatory and antitrust approvals, approval or confirmation from the Central Bank and the relevant authorities and institutions on the conversion of the incoming funds into New Taiwan dollars for the payment of the merger consideration, The Board of Directors of Ginko International Co., Ltd. has unanimously approved the transaction.

Extraordinary shareholders' meeting is scheduled on January 27, 2022. As on January 30, 2022, Bureau of the China State Administration for Market Regulation approved the transaction. Completion is expected by May 26, 2022 while long stop date is August 26, 2022.

As of March 9, 2022, due to the earlier approval by the regulatory authorities, the revised effective date is now estimated as April 29, 2022. The transaction is expected to close during first half of 2022. J.P. Morgan acted as exclusive financial advisor to Hydron International Co., Ltd. C & A LAW FIRM and Baker & McKenzie LLP acted as legal advisors to Hydron International Co., Ltd. Lee and Li, Attorneys-at-Law, Zhonglun Wende Law Firm and Ropes & Gray LLP acted as legal advisors to Baring Private Equity Asia.