Shangyao's Xinli Chemical Plans NT$367 Million Acquisition of Golf Retailer Madacom
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Shangyao Group's Xinli Chemical announced a public tender offer to acquire golf retail leader Madacom. The acquisition, valued at approximately NT$367 million, aims to secure about 29.77% of Madacom's outstanding shares. This move is part of Shangyao Group's strategy for diversification into the golf market and international expansion of green materials.