{"id":19355,"date":"2021-09-17T20:00:49","date_gmt":"2021-09-17T12:00:49","guid":{"rendered":"https:\/\/corp.pchome.tw\/en\/?p=19355"},"modified":"2021-09-17T23:37:49","modified_gmt":"2021-09-17T15:37:49","slug":"pchome-online-eyeing-fintech-and-bnpl-opportunities-announces-nt1-billion-private-placement-to-introduce-china-development-financialand-chunghwa-telecom-as-strategic-investors","status":"publish","type":"post","link":"https:\/\/corp.pchome.tw\/en\/pchome-online-eyeing-fintech-and-bnpl-opportunities-announces-nt1-billion-private-placement-to-introduce-china-development-financialand-chunghwa-telecom-as-strategic-investors\/","title":{"rendered":"PChome Online, Eyeing Fintech and BNPL Opportunities, Announces NT$1 billion Private Placement to Introduce China Development Financialand Chunghwa Telecom as Strategic Investors"},"content":{"rendered":"\t\t
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PChome Online Inc. (8044.TW) today (Sep. 17th<\/sup>, 2021) is pleased to announce a strategic partnership with\u00a0China Development Financial\u00a0(\u201cCDF\u201d), Chunghwa Telecom\u00a0(\u201cCHT\u201d)\u00a0and the founders of 21st Century Digital Technology Co., Ltd\u00a0(\u201c21CD\u201d).\u00a0\u00a0The strategic investors will jointly subscribe PChome\u2019s NT$1 billion private placement, representing 9,376,463 common shares of the company, or 7.35% of the enlarged share base.\u00a0 The private placement is priced at NT$106.65 per share.<\/p>

The strategic partnership, together with the industry leaders from the financial and telecom industries, reinforces our mission statement to build an \u201ceveryday reliable\u201d product and service portfolio to fulfill the consumers\u2019 demands.\u00a0 It\u2019s also a major step forward for PChome to work together with strategic partners to multiply the impact of \u201cPChome ecosystem\u201d.<\/p>

To\u00a0strengthen the cooperation and unlock potential synergies,\u00a0PChome\u00a0will subsequently acquire a controlling stake (~50%) in 21CD by 1) investing NT$2.16 billion in cash to obtain the shares from its founders and 2) exchanging PChome\u2019s shareholding in its Fintech subsidiary Pi Mobile Technology (\u201cPi\u201d) for 21CD\u2019s new shares, based on an exchange ratio that 1 common share of Pi can be exchanged for 0.29795959 new common share issued by 21CD.<\/p>

As an investment portfolio company of CDF\u2019s venture capital arm, 21CD is one of the fastest growing BNPL platforms in Taiwan.\u00a0 Its BNPL service was also launched at PChome B2C platform in the first quarter of 2021.\u00a0 With PChome ecosystem\u2019s rich traffic and data flow from day-to-day transactions across buyers and sellers, we believe the new partnership, including the combination of 21CD and Pi, can significantly speed up PChome\u2019s fintech business roadmap and its path to profitability, by leveraging our partners\u2019 financial product knowhow, credit data system, experienced management team, and capital support.<\/p>

For more financial details, please\u00a0visit the Market\u00a0Observation Post System.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

PChome Online (8044-tw) today announced its revenue for …<\/p>\n

PChome Online, Eyeing Fintech and BNPL Opportunities, Announces NT$1 billion Private Placement to Introduce China Development Financialand Chunghwa Telecom as Strategic Investors<\/span> Read More »<\/a><\/p>\n","protected":false},"author":30,"featured_media":19357,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[37,9,1],"tags":[],"post_folder":[],"_links":{"self":[{"href":"https:\/\/corp.pchome.tw\/en\/wp-json\/wp\/v2\/posts\/19355"}],"collection":[{"href":"https:\/\/corp.pchome.tw\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/corp.pchome.tw\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/corp.pchome.tw\/en\/wp-json\/wp\/v2\/users\/30"}],"replies":[{"embeddable":true,"href":"https:\/\/corp.pchome.tw\/en\/wp-json\/wp\/v2\/comments?post=19355"}],"version-history":[{"count":5,"href":"https:\/\/corp.pchome.tw\/en\/wp-json\/wp\/v2\/posts\/19355\/revisions"}],"predecessor-version":[{"id":19362,"href":"https:\/\/corp.pchome.tw\/en\/wp-json\/wp\/v2\/posts\/19355\/revisions\/19362"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/corp.pchome.tw\/en\/wp-json\/wp\/v2\/media\/19357"}],"wp:attachment":[{"href":"https:\/\/corp.pchome.tw\/en\/wp-json\/wp\/v2\/media?parent=19355"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/corp.pchome.tw\/en\/wp-json\/wp\/v2\/categories?post=19355"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/corp.pchome.tw\/en\/wp-json\/wp\/v2\/tags?post=19355"},{"taxonomy":"post_folder","embeddable":true,"href":"https:\/\/corp.pchome.tw\/en\/wp-json\/wp\/v2\/post_folder?post=19355"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}