-- Shinfox Energy (TPE:6806) acquired a 50% equity stake in Zhongwei Energy for NT$800 million, according to a Friday Taiwan Exchange filing.
Shares jumped about 10% in Monday's afternoon trade.
Under the deal, the company purchased 80 million shares from Cheng Uei Precision Industry, the group's ultimate parent company.
The deal aims to optimize resource allocation and improve working capital, it said.