The transaction represents the largest equity transaction in Taiwan since 2005, and the largest GDR issuance ever completed in Taiwan's capital markets.
The Taiwan-listed fibre optic and data cable manufacturer will buy the Singapore-headquartered ICT business using cash and Citi financing to strengthen its data centre infrastructure capabilities amid surging AI demand.
The ChatGPT maker will commit more than $234m to support the city-state’s national AI strategy, alongside collaborations with Google and Nvidia; in addition, AMD is investing $10bn in Taiwan’s AI infrastructure and AI has boosted Lenovo's revenues.
Recent deals have involved hotel, food delivery and energy assets from firms in Vietnam, Taiwan, Japan and Thailand. Japanese corporates are seeking diversification in western markets.
CEO Darren Wang described the process to FA as “difficult” and said that reaching out to more US-based private investors, while expanding globally, is the next step.
From financial knowledge to government support, players in Thailand and Taiwan are finding new ways to channel capital into LGBTQ+-focussed businesses across Asia.
Boussard was most recently the bank's deputy head of group asset liability management (ALM) treasury, and is replacing Manon Breuvart, who has a new role at the bank.