Giant Group took another big step forward last month in digging out of a massive shipment hole that had been deepening over the last two years. After putting together, a string of three consecutive months – with two months of double-digit growth – the Taiwan-based bike manufacturer posted another positive month with a 3.2 percent year-over-year increase in August, reaching NT$5.19 billion ($161.9 mm) and marking four consecutive months of growth in shipment volume and value.
The Giant Group reports financials in New Taiwan Dollar (NT$) currency. SGB Executive used the average exchange rate of approximately $0.031228 per NT$1.00 for August 2026 conversions, according to the Federal Reserve Bank of St. Louis.
In other news, Giant Group is set to acquire a near-100 percent ownership stake in a key supplier. The company is reporting that it is buying all the shares of D.Mag (Kunshan) New Material Technology Co., Ltd. (D.Mag) currently owned by United King Limited (Samoa) (UKL), the second largest shareholder of D.Mag, which is primarily engaged in the manufacturing and sales of products utilizing advanced alloy material, accounting for approximately 7 percent to 8 percent of the Group’s consolidated revenue.
In other news, Giant Group is set to acquire a near-100 percent ownership stake in a key supplier. The company is reporting that it is buying all the shares of D.Mag (Kunshan) New Material Technology Co., Ltd. (D.Mag) currently owned by United King Limited (Samoa) (UKL), the second largest shareholder of D.Mag, which is primarily engaged in the manufacturing and sales of products utilizing advanced alloy material, accounting for approximately 7 percent to 8 percent of the Group’s consolidated revenue.
Velo Disco went so far as to say Giant is “locking down a building block already integrated into its chain.”
The deal will be transacted through its wholly owned subsidiary Giant Holding Co., Ltd. (GHC) and is expected to be funded through “own funds and external financing for a total purchase price not exceeding RMB 597 million (approximately TWD 2.83 billion).” Up to 130,450,500 shares will be acquired under this transaction at a proposed cash consideration of RMB 4.5764 per share, with a total transaction amount of approximately RMB 596,993,669.
Giant Group currently indirectly holds 60.3938 percent of the shares of D.Mag through its subsidiaries. This transaction is expected to acquire approximately 36 percent of non-controlling interests in D.Mag. Upon completion of this transaction, Giant Group’s consolidated shareholding ratio in D.Mag will increase to 96.63 percent.
The Group said the acquisition was “in alignment with the group’s overall strategic business adjustment, aiming to further focus on relevant business development and elevate the group’s operational management efficiency.”
The transaction price was reportedly determined with reference to the independent expert’s opinion on the reasonableness of the transaction price, as the pricing benchmark. This transaction will subsequently apply for investment approval from the Department of Investment Review, Ministry of Economic Affairs, in accordance with the law, and the MOEA Approval will be one of the closing conditions.
Image courtesy D.Mag (Kunshan) New Material Technology Co., Ltd.
