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Taiwan Mobile launches tender offer for Systex, targeting majority control

Taiwan Mobile said on August 12 that its board approved a tender offer for Systex Corporation common shares through its wholly owned subsidiary Taiwan Cellular, with the goal of lifting its stake to more than 50%. The telecom operator already held 11.86% of Systex, and the tender offer seeks an additional stake of at least 39%, which would lift Taiwan Mobile’s total ownership above 50%.