With the final approvals of NDRC, Chinese Ministry of Commerce and Taiwan Affaire Office of State Council issued on March 16th, 2012, all the China mainland overseas investment procedures of Dalian Teikoku’s acquisition to Taiwan Teikoku-Pump Co., Ltd have been completed, which means that the acquisition affaire is totally finished and Taiwan Teikoku-Pump Co., Ltd was successfully turned to be a wholly-owned subsidiary to Dalian Teikoku Co., Ltd.
Founded on January 7th, 1999 and locates in Taipei City, the original Taiwan Teikoku-Pump Co., Ltd was a wholly-owned subsidiary to Teikoku MFG. Japan with a focus business of selling the pump products from Teikoku MFG. Japan. As an inter-subsidiary reconstruction process of Teikoku MFG. Japan, this acquisition and the reconstruction itself aim to strengthen the profit base of entire Teikoku MFG. Group’s business affaires, improve the efficiency of Group’s operation and organization and realize the final profit maximization. Selling products from Dalian Teikoku and Teikoku MFG. Japan will be the core business of the newly founded Taiwan Teikoku.
Dalian Teikoku Canned Motor Pump Co., Ltd
March 16th 2012
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