Divestiture • Retail

Huiyuan Cowins Technology Acquires Da Cin Property

On June 11, 2007, Huiyuan Cowins Technology acquired retailer Da Cin Property from Da Cin Development Co. for 208M HKD

Acquisition Context
  • This is Huiyuan Cowins Technology’s 1st transaction in the Retail sector.
  • This is Huiyuan Cowins Technology’s largest (disclosed) transaction.
  • This is Huiyuan Cowins Technology’s 2nd transaction in Taiwan.

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M&A Deal Summary

Date June 11, 2007
Target Da Cin Property
Sector Retail
Buyer(s) Huiyuan Cowins Technology
Sellers(s) Da Cin Development Co.
Deal Type Divestiture
Deal Value 208M HKD

Target Company

Da Cin Property

Hsinchu City, Taiwan
Da Cin Property a site area of approximately 3,664.54 square metres (1,108.52 ping). The site of the Property is zoned as Type B Industrial Area which is mainly for low hazard industrial and ancillary uses.
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Buyer Overview 1

Buyer

Huiyuan Cowins Technology

Hong Kong, China

Category Company
Founded 2003
Sector Manufacturing
Employees321
Revenue 714M HKD (2024)
DESCRIPTION

Huiyuan Cowins Technology is an entity engaged in the processing and manufacture of different kinds of steel sheets and steel pipes which are used by its customers in the manufacture of 3C products, sports equipment, as well as spare parts of household appliances and motor vehicles. Huiyuan Cowins Technology was founded in 2003 and is based in Hong Kong, China.


Deal Context for Buyer #
Overall 2 of 3
Sector: Retail 1 of 1
Type: Divestiture 1 of 1
Country: Taiwan 2 of 3
Year: 2007 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-10-20 Fullchamp Technologies Co.

Taiwan, Taiwan

Fullchamp Technologies Co., Ltd.possesses a high tech aerospace forging plant. While reaching further developments, we manufacture forging products in aluminum, magnesium, titanium alloy, alloy steel and superalloy.

Buy HK$10M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-10-06 Durban Development Co.

Taipei City, Taiwan

Durban Development Company is principally engaged in building construction, property development and property investment in Taiwan.

Buy HK$335M

Seller Profile 1

SELLER

Da Cin Development Co.

Taiwan

Category Company
Sector Real Estate
DESCRIPTION

Da Cin Development Co., Ltd. involves into property development and construction business in Taiwan.


Deal Context for Seller #
Overall 1 of 1
Sector: Retail 1 of 1
Type: Divestiture 1 of 1
Country: Taiwan 1 of 1
Year: 2007 1 of 1

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