FOR IMMEDIATE RELEASE
Nidec Corporation
Tokyo Stock Exchange code: 6594
Contact:
Masahiro Nagayasu
General Manager
Investor Relations
+81-75-935-6140
ir@nidec.com
Released on October 1, 2018, in Kyoto, Japan
Nidec Announces Commencement of Tender Offer for Shares of
Chaun-Choung Technology Corp., Taiwan
Nidec Corporation (TSE: 6594; OTC US: NJDCY)(the “Company” or “Nidec”) announced today that its Board of Directors has resolved to acquire 48.0% shares of common stock outstanding of Chaun-Choung Technology Corp. (TWSE: 6230)(“CCI”) in Taiwan by way of Tender Offer (the “Tender Offer”) .
This transaction does not fall under the public tender offer defined in Paragraph 1, Article 27-2 of the Financial Instruments and Exchange Act of Japan.
1. The reason for the stock investment and the Tender Offer
Nidec has dealt with a wide variety of motors including brushless DC motors featuring energy saving, long-life, low-noise, and provided them to customers in various segmen..