PChome integrates its financial technology operations, with 21JP taking control of all its Taiwanese subsidiaries.

PChome Online Inc. (8044) announced on the 23rd that the board of directors of its subsidiary, 21st Financial Technology Co., Ltd. (21KY), has decided to restructure the organization by transferring the equity of all its Taiwanese subsidiaries to 21st Century Inc. (21JP).

This restructuring aims to integrate group resources and enhance operational efficiency without affecting shareholders' equity. 21KY will transfer its holdings in 21st Digital Technology Co., Ltd., PayMate International Information Co., Ltd., and Qiao Rui Technology Co., Ltd. to 21JP. 21JP will also assume all debts of the Taiwanese subsidiaries and pay the corresponding equity consideration to 21KY. Subsequently, 21KY will use this consideration to increase its capital and continue to be the largest shareholder of 21JP.

The entire merger process is described as a reorganization of the group's organizational structure rather than an actual transaction. The valuation method used for this transaction is the asset method, based on the book value of the target company, and has been supported by professional opinions from accountants and independent experts.

Through this series of organizational adjustments, the PChome Online Group aims to further consolidate its fintech business in Taiwan and accelerate the evolution and upgrading of AI applications in the industry.