Systex shares climb on Taiwan Mobile buyout story
Taiwan Mobile's buyout bid keeps pushing Systex shares higher — good news for holders of the IT services firm.
- Systex stock opened lower but flipped to a gain of over 2% in early trade, with heavy volume.
- Taiwan Mobile said on the 12th it would buy 39–58% of Systex's shares, enough to take majority control.
- The deal is meant to merge telecom with IT services and grab more market share in the AI era.
- Systex shares are up more than 26% since the offer was announced.
- Foreign investors sold yesterday while local funds bought, and day-trading activity cooled off.
Outlook: The stock should stay supported while the tender offer runs, though the pace of gains may slow as short-term traders step back.