VIA Technologies' subsidiary Chander Electronics will invest in Taiwan-based third-party payment solution provider Neweb Technologies and will spend NT$690 million (US$21.58 million) to purchase 18.14 million shares at a price of NT$38 per share. The investment will allow Chander to hold a 58.88% stake in Neweb and the transaction is expected to be completed in 2016, according to a Chinese-language Apple Daily report.
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via Yuichun
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