International Branding Marketing Inc (GTSM:6238) agreed to acquire Kingpak Technology, Inc. for approximately TWD 570 million in cash on October 3, 2014. As a part of consideration, International Branding Marketing will pay TWD 15.5 per share of Kingpak Technology. The deal is expected to close on January 1, 2015. Kingpak Technology will dissolve after merger.

International Branding Marketing Inc (GTSM:6238) completed the acquisition of 70% stake in Kingpak Technology, Inc. in January 2015. As of November 21, 2015 the deal was approved by the shareholders of International Branding Marketinga and Kingpak Technology, Inc. From January 1, 2015, the two companies will operate and conduct business jointly as one under the English name of Kingpak Technology Inc., with the main office registered at: 8F., No.27, Sec. 1, Zhong-Shan N. Rd., Zhong-Shan Dist., Taipei City 10441, Taiwan. Meanwhile, the factory will still be located at: No. 84, Tai-Ho Rd., Chu-Pei City 30267, Hsin-Chu Hsien, Taiwan.