TAIPEI (Taiwan News) — Taiwan-based electronics manufacturer Yageo on Thursday announced a public tender offer to purchase up to a 28.5% stake in Anpec Electronics, following its bid for Japan’s Shibaura Electronics.

The offer sets the per-share price at NT$229.8 (US$7.60). The total value of the offer is about NT$4.9 billion, according to CNA.

Anpec’s top 10 shareholders each hold less than 5% of the company. If Yageo reaches the minimum tender threshold of 5%, it could become Anpec’s largest shareholder.

Based on Anpec’s closing price of NT$191.50 on Thursday, the offer represents an approximately 20 premium. On Friday, Anpec shares reached the daily trading limit, closing at NT$210.5.

Yageo indicated the investment is primarily financial, citing Anpec’s stable performance and long-term profitability. The company expects the stake to provide steady returns and create opportunities for strategic engagement with Anpec’s management.

Anpec is a power integrated circuit design company. Power ICs are chips that manage and control electrical power in devices.

Anpec’s products are used in laptops, televisions, monitors, consumer and portable electronics, graphics cards, and automotive electronics. The company has recently expanded into industrial applications.