Kingcan Holdings Limited (TWSE:8411) agreed to acquire TSMP Limited from ORG International Holdings Limited for approximately CNY 210 million on October 30, 2021. The consideration of CNY 210 million will be paid in cash. The TSMP has a net worth of CNY 233.96 million. The transaction is subject to approval of the Investment Commission (MOEA). The transaction was approved by the audit committee. Tsai, Yuh-Ching of EVERWELL advised Kingcan.