Release Date：2024/07/30
Zerone Technology Co., Ltd. (“Zerone”) announced that its Board of Directors approved the pricing and subscriber for a private placement of common shares on July 30, 2024. WPG Holdings Limited (“WPG Holdings”) will subscribe to 12,000 thousand common shares at a subscription price of NT$90 per share, for a total private placement amount of NT$1.08 billion. Upon completion of the private placement, together with the 1,619 thousand shares already held by its subsidiary, Seyeon Investment Co., Ltd., WPG Holdings will directly and indirectly hold approximately 8.17% of Zerone’s equity interest.
Zerone has been deeply rooted in Taiwan’s information service industry for more than 40 years, providing one-stop comprehensive enterprise IT solutions. As cross-industry trends continue to evolve and enterprise operations become increasingly intelligent and diversified, Zerone, in addition to its core business strengths, is also committed to co-building a platform ecosystem to deliver more comprehensive solutions and support enterprises in their transformation and upgrading.
Through this private placement, Zerone is bringing in WPG Holdings as a strategic shareholder. The Company expects to leverage WPG Holdings’ solid expertise and experience in industrial holding and investment management to map out an operating strategy for an industrial holding platform. In the short term, Zerone aims to enhance operating efficiency and expand business scale through operational adjustments. In the medium to long term, Zerone aspires to become the WPG Holdings of the information service distribution industry, while forming alliances with and fostering emerging smart technology and software application service companies in Taiwan and overseas, thereby building a mutually beneficial and win-win industrial service ecosystem. This strategic cooperation is expected to create new growth momentum and synergies for both companies, while generating greater value for the industry and shareholders.
The proceeds from this private placement will be used to strengthen working capital, expand investment in strategic alliance partners, and reinforce the Company’s financial structure. Zerone expects this to enhance its competitiveness and improve operating performance, with a positive benefit to shareholders’ equity.